Clarcor Inc. (CLC) Sets New 52-Week High at $65.97
Clarcor Inc. (NYSE:CLC) hit a new 52-week high on Thursday . The company traded as high as $65.97 and last traded at $65.95, with a volume of 75,668 shares trading hands. The stock had previously closed at $65.59.
A number of brokerages have recently weighed in on CLC. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Zacks Investment Research raised Clarcor from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, June 17th. Finally, CL King reaffirmed a “neutral” rating on shares of Clarcor in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $61.00.
The stock’s 50-day moving average price is $62.72 and its 200-day moving average price is $57.75. The company has a market capitalization of $3.21 billion and a PE ratio of 22.63.
Clarcor (NYSE:CLC) last posted its earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company earned $365 million during the quarter. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts anticipate that Clarcor Inc. will post $2.66 EPS for the current year.
In other Clarcor news, CEO Christopher Conway sold 1,500 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.18, for a total transaction of $93,270.00. Following the transaction, the chief executive officer now owns 16,523 shares of the company’s stock, valued at approximately $1,027,400.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Burgstahler sold 7,500 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $62.00, for a total value of $465,000.00. Following the transaction, the director now directly owns 33,953 shares in the company, valued at approximately $2,105,086. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Clarcor stock. US Bancorp DE raised its position in Clarcor Inc. (NYSE:CLC) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,643 shares of the company’s stock after buying an additional 503 shares during the period. US Bancorp DE owned approximately 0.05% of Clarcor worth $1,224,000 at the end of the most recent quarter.
CLARCOR Inc provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s segments include Engine/Mobile Filtration and Industrial/Environmental Filtration. Its Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, transit buses, locomotives, and other industrial and specialty applications.
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