Patent Patrol: 20 October 2010

In this week's batch of IP awarded to Tennessee residents and companies: GM's Gooseneck hinges, electromagnetic sorters, fine-fiber spinners from Clarcor, and more...
Oct 20, 2010 11:19 AM

Clarcor director sells some more

Marc Adam, one of the longest-serving directors of Clarcor, on Monday sold two-thirds of his share holdings in the company, pocketing more than $740,000. Shares of Clarcor (Ticker: CLC) are up more than 20 percent this year and are within reach of their all-time highs set in 2008.
Oct 13, 2010 8:06 AM

Gabelli trims Clarcor stake

Companies run by New York investment manager Mario Gabelli have cut back a bit on their exposure to Clarcor, the local filtration and packaging manufacturer in which they've been a major investor for almost two decades. In a filing with the Securities and Exchange Commission, GAMCO Asset Management and the Gabelli Funds said they now own 2.65 million shares, or almost 5.3 percent, of Franklin-based Clarcor. In the spring of last year, that stake totaled 6.4 percent. Clarcor shares (Ticker: CLC) have gained about 20 percent so far this year.
Oct 12, 2010 1:53 PM

Clarcor hikes dividend

The board of Franklin-based Clarcor has voted to raise the company's dividend by almost 8 percent, which will lift the stock's yield (Ticker: CLC) to about 1.1 percent. The move means Clarcor's payout has risen 27 straight years.
Oct 1, 2010 7:23 AM

Green Heroes 2010

Our inaugural list of the 50 most eco-friendly companies in Middle Tennessee [From the September/October issue of Nashville Post magazine]
Sep 24, 2010 8:18 AM

Clarcor directors sell stock

Marc Adam and Robert Burgstahler have joined the movement of local public-company insiders trimming their stock holdings. The directors of Clarcor — they've been on the Franklin-based manufacturer's board since 1991 and 2000, respectively — on Monday generated profits of $260,000 and $56,000 by selling shares (Ticker: CLC) that have risen about 18 percent so far this year.
Sep 22, 2010 8:08 AM

Clarcor consolidates in China

Franklin manufacturer Clarcor during the second quarter spent $732,000 to become the sole owner of two filtration companies in China. (Search here for 'June 8.') The company bought into Pujiang Novaeastern and Purolator Advanced Filtration Quzhou in February of last year and spent a total of $6 million on China acquisitions in fiscal 2009. Clarcor last quarter also invested another $300,000 in a start-up that is looking to harvest algae.
Sep 20, 2010 10:08 AM

Clarcor's Q3 beats by a nickel

With gross margins highest in a decade, manufacturer raises low end of guidance
Sep 16, 2010 7:30 AM

Option traders bet on Clarcor breakout

SmarTrend notes that call volume was high in Clarcor options Monday and suggests the Franklin-based company's stock (Ticker: CLC) is poised to push higher. In recent months, it's repeatedly hit resistance around $39, about $5 short of its 2008 record high.
Sep 15, 2010 10:30 AM

Clarcor closing California plant

Franklin-based filtration and packaging conglomerate Clarcor will in November shut down a manufacturing site in Sacramento. The move will eliminate more than 50 jobs.
Sep 14, 2010 12:09 PM