According to Zacks, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. “
Other equities research analysts have also recently issued reports about the company. CL King restated a neutral rating on shares of Clarcor in a report on Wednesday, June 8th. Oppenheimer Holdings Inc. restated a hold rating on shares of Clarcor in a report on Thursday, June 16th. Finally, Robert W. Baird increased their target price on Clarcor from $61.00 to $64.00 and gave the company a neutral rating in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $68.50.
Shares of Clarcor (NYSE:CLC) opened at 65.06 on Monday. The company has a market cap of $3.16 billion, a P/E ratio of 22.29 and a beta of 1.18. The stock’s 50 day moving average price is $63.90 and its 200 day moving average price is $59.94. Clarcor has a 12-month low of $44.13 and a 12-month high of $66.59.
Clarcor (NYSE:CLC) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $331.40 million for the quarter, compared to analyst estimates of $339.43 million. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The company’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS. On average, analysts forecast that Clarcor will post $2.60 EPS for the current year.
In other Clarcor news, VP David J. Lindsay sold 44,000 shares of the stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the sale, the vice president now owns 25,676 shares in the company, valued at approximately $1,595,506.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher Conway sold 2,000 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $60.81, for a total value of $121,620.00. Following the completion of the sale, the chief executive officer now owns 17,023 shares of the company’s stock, valued at approximately $1,035,168.63. The disclosure for this sale can be found here. 2.96% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CLC. Norges Bank acquired a new stake in Clarcor during the fourth quarter valued at $23,014,000. OLD National Bancorp IN boosted its stake in Clarcor by 2.1% in the first quarter. OLD National Bancorp IN now owns 8,884 shares of the company’s stock valued at $513,000 after buying an additional 184 shares during the period. Granite Investment Partners LLC boosted its stake in Clarcor by 38.6% in the first quarter. Granite Investment Partners LLC now owns 124,002 shares of the company’s stock valued at $7,166,000 after buying an additional 34,505 shares during the period. Commonwealth Equity Services Inc boosted its stake in Clarcor by 33.0% in the first quarter. Commonwealth Equity Services Inc now owns 6,601 shares of the company’s stock valued at $381,000 after buying an additional 1,636 shares during the period. Finally, Aperio Group LLC boosted its stake in Clarcor by 12.1% in the first quarter. Aperio Group LLC now owns 30,699 shares of the company’s stock valued at $1,774,000 after buying an additional 3,321 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Clarcor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarcor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.