Clarcor finished 2012 on up note

Quarterly operating margin highest since '91, but outlook for '13 set below consensus
Jan 17, 2013 6:40 AM

Fund manager hikes Clarcor stake

Investment management firm Eaton Vance saw value in shares of Franklin-based Clarcor in the wake of their post-earnings September swoon. The firm this week reported that it now owns more than 4.3 million Clarcor shares, up from roughly 1.4 million shares on Sept. 30. Eaton Vance, which manages about $200 billion, is now Clarcor's No. 2 shareholder behind Neuberger Berman. Clarcor (Ticker: CLC) is up almost 10 percent in the past three months.

Jan 11, 2013 7:16 AM

Clarcor adding on to Dallas plant

Franklin-based Clarcor said late Monday it plans to spend an unspecified amount to increase the size of its Dallas air filter plant by more than half. The construction, which is supposed to wrap up by the end of this year, will add about 45,000 square feet of manufacturing and distribution capacity to the 22-year-old plant. The company (Ticker: CLC) also plans to hire more workers.

Oct 23, 2012 9:39 AM

Analyst action: CHS, Clarcor

Outspoken hospital analyst Sheryl Skolnick got some time on CNBC Monday, where she talked about the political climate's effect on the sector. The CRT Capital researcher also was asked about her 'sell' rating on Community Health Systems. Her response: There's still an overhang from the various regulatory issues that Chairman and CEO Wayne Smith and his team face, the company is dependent on acquisitions for growth and — this is music to the ears of deep-down-number-crunching investors everywhere — cash flows aren't keeping up with earnings.

Richard Eastman at Robert W. Baird has lowered his price target on shares of Clarcor to $52 from $55 following the company's Q3 miss. But, he notes, the Franklin-based maker of filtration and packaging products still has the ability to grow its margins and he is keeping his 'outperform' rating. Barron's has more on that and on the recent dividend hike.

Oct 2, 2012 7:00 AM

Clarcor hikes dividend

Board elects lead director as CEO Conway named chairman
Sep 27, 2012 1:29 PM

Gabelli was selling into Clarcor miss

It looks like the managers of several funds under Mario Gabelli's GAMCO Investors umbrella had an inkling Clarcor's third-quarter results weren't going to be pretty. Starting in late July, they began steadily trimming their stakes in the Franklin-based maker of filtration and packaging products, which on Thursday reported a big miss. By Wednesday afternoon, they had sold more than 185,000 shares (Ticker: CLC), which tumbled more than 10 percent Thursday. The sales took GAMCO's stake below 5 percent.

Sep 21, 2012 9:41 AM

Clarcor clobbered after again lowering guidance

Fiscal Q3 misses expectations by 13%
Sep 20, 2012 1:47 PM

Clarcor chairman lightens holdings by $1.4M

Clarcor's former CEO and current executive chairman Norm Johnson has been steadily trimming his holdings in the Franklin-based company since stepping out of the boss' seat late last year. Earlier this month, a trading plan set up by him to handle shares held in his wife's name unloaded almost 28,000 Clarcor shares in two series of transactions — linked here and here — for almost $1.4 million. Johnson and his wife still own more than $3.6 million worth of Clarcor (Ticker: CLC), which is flat year to date.

Sep 17, 2012 8:43 AM

Cracker Barrel board adds former Clarcor CEO

Johnson retired from Franklin manufacturer late last year
Aug 13, 2012 9:48 AM

Clarcor algae investment inks Swiss deal

BioProcess Algae, a Rhode Island-based company partly owned by Clarcor, has signed an agreement to supply microalgal oils to a Swiss company that will refine them to make nutraceutical Omega-3 oils. Clarcor has invested more than $1.8 million for a 15 percent stake in BioProcess Algae.

Jun 29, 2012 10:39 AM