Clarcor chairman in $2.7M stock sale

Norm Johnson, who recently turned over the CEO role at Franklin-based Clarcor to Chris Conway, on Monday cashed out more than 50,000 shares of the filtration products maker. The sale was worth almost $2.7 million to Johnson, who is staying on as executive chairman until November. The remaining shares held by Johnson and his wife are worth more than $23 million.

Jan 25, 2012 11:09 AM

Clarcor director cashes out a bit

Shares of Franklin-based Clarcor have climbed steadily in recent months and recently topped $50 for the first time. That apparenty hasn't escaped the attention of director Robert Burgstahler, who on Monday exercised 15,000 stock options that would have expired this March and next and then sold the resulting shares. His gain on the transactions was almost $530,000.

Jan 24, 2012 12:11 PM

Clarcor beats by a nickel

Filtration products maker posts highest margins since early '90s
Jan 19, 2012 6:50 AM

Analyst action: Genesco, Clarcor

Analysts covering two local stocks that have done well in recent months have lifted their price targets. Susquehanna researcher Chris Svezia has lifted his target for high-flying Genesco to $75 from $72. Genesco (Ticker: GCO), which is up 9 percent in the past three months and 70 percent in the past year, closed Wednesday trading at $61.49.

Meanwhile at Robert W. Baird, Richard Eastman has reiterated his 'outperform' rating on Franklin-based filtration products maker Clarcor and hiked his target to $57 from $51. Clarcor shares (Ticker: CLC) closed Wednesday trading at $51.31 and have climbed 14 percent in the past three months. Analysts' median price target stands right at $51.

Jan 12, 2012 8:38 AM

New Clarcor CEO gets 54% raise

The leadership transition at filtration company Clarcor from Norm Johnson to Chris Conway has been completed. The board of the Franklin-based company this week voted to hike Conway's salary to $500,000 from $325,000 and give him the chance to earn a bonus of up to 75 percent of the new number. By way of comparison, Johnson's salary in 2010 was more than $730,000.

SEE ALSO: The October announcement of Johnson's retirement

Dec 14, 2011 12:30 PM

S&P index move for Clarcor

Franklin-based Clarcor will at the end of next week make the move from the S&P SmallCap 600 Index to the MidCap 400, a transition that's likely to create a little bit of turbulence in the stock as index-based fund managers adjust their holdings. Shares of Clarcor (Ticker: CLC) are up more than 10 percent so far in 2011 and about 80 percent since the market's March 2009 lows.

Dec 9, 2011 8:32 AM

Analyst action: Clarcor, Noranda

Kevin Maczka at BB&T Capital Markets has downgraded Clarcor to 'hold' from 'buy' after the stock's 16 percent run over the past three months. Year to date, Clarcor (Ticker: CLC) is up about 13 percent.

Global aluminum prices have been pressuring margins for companies such as Franklin-based Noranda, which has led Goldman Sachs analyst Sal Tharani to cut his EPS estimates and price target for the company. Tharani now sees the stock (Ticker: NOR) going to $12 from its current $10-and-change levels, down from $14.

Nov 8, 2011 6:18 AM

CEO Johnson passing the torch at Clarcor

COO, former division chief to take over in December
Oct 5, 2011 7:11 AM

Clarcor hikes dividend for 29th straight year

The board of Clarcor has voted to increase the filtration and packaging company's dividend to 12 cents per quarter from 10.5 cents. The hike makes it 29 consecutive years that the Franklin-based company (Ticker: CLC) has boosted its payout and will lift its dividend yield to about 1.1 percent based on Thursday's closing price.

Sep 30, 2011 10:40 AM

Clarcor CEO: We're still on track

Filtration manufacturer eyeing more M&A, says China order dip has passed; shares recover from early slide
Sep 15, 2011 2:40 PM