Type
|
Subsidiary |
---|---|
Industry | Filtration Engines Membranes Gas Turbines Valves Hydraulics |
Founded | 1904 |
Headquarters | Franklin, Tennessee |
Key people
|
Christopher L. Conway ( Chief Administrative Officer) |
Number of employees
|
5,267 ((March 2014)) |
Parent | Parker Hannifin |
Divisions | Engine/Mobil Industrial/Environmental |
Website | Clarcor Inc. |
Christopher L. Conway
( Chief Executive Officer and Chairman)
David J. Fallon
( Chief Financial Officer, Chief Accounting Officer)(Dec 31, 2013 )
CLARCOR Inc. was founded in Rockford, Illinois as JL Clark Manufacturing Co. by John Lewis Clark in 1904 and is currently based in Franklin, Tennessee. The company manufactures filtration systems and packaging materials. It has approximately 30 manufacturing and distribution sites in the United States.
There are mainly two segments operating in the company: Engine/Mobile Filtration (providing air, fuel, transmission, and hydraulic fluid filters for engines, as well as dust collection cartridges), and Industrial/Environmental Filtration (providing filters for industrial process, pharmaceutical processes).
In December 2016, Parker Hannifin entered into a definitive agreement to acquire CLARCOR Inc. for approximately $4.3 billion in cash. Parker Hannifin Corporation (NYSE: PH) completed its acquisition of CLARCOR Inc. (NYSE: CLC) on February 28, 2017.
In June 2015, CLARCOR Inc. announced the sale of its packaging subsidiary, J.L. Clark, to Chicago-based CC Industries, Inc. The sale will allow CLARCOR to focus on its core competency of filter manufacturing.
In December 2013, CLARCOR Inc. completed the acquisition of the Air Filtration business of General Electric Company's Power & Water division, improving the performance of CLARCOR with the help of the new company’s BHA and ALTAIR air filtration products.
In December 2013, the company acquired the Bekaert Advanced Filtration business from NV Bekaert SA.
In May 2012, CLARCOR Inc. completed the acquisition of Modular Engineering Pty Ltd., part of CLARCOR's PECOFacet division, for its famous natural gas filtration products.
In January 2011, CLARCOR Inc. completed the acquisition of TransWeb, LLC, a filtration media supplier.
In December 2008, CLARCOR Inc. completed the acquisition of Keddeg Company, a producer of aviation filtration, part of CLARCOR's Purolator Advanced Filtration Group.
In December 2007, CLARCOR Inc. completed the acquisition of Perry Equipment Corporation ("Peco"), a producer of engineered filtration, and merged with CLARCOR’s Facet operations with about $163 million.
In November 2005, CLARCOR Inc. completed the acquisition of Martin Kurz & Co., Inc. a producer of sintered porous metal laminates used in screening and filtration products, part of CLARCOR's Purolator Advanced Filtration Group.
In March 2005, CLARCOR Inc. completed the acquisition of Niagara Screen Products Limited, a manufacturer of woven wire and metallic screening and filtration products.
In 1999, Clarcor bought the companies Purolator Products Air Filtration Company, Facet International, and Purolator-Facet Filter Products from Mark IV for USD $144.8 million. All three companies related to the manufacture and sale of industrial filtration equipment.
Engine/Mobile Filtration provides filtration products for engines used in stationary power generation and mobile, industrial, and agricultural equipment, such as air, fuel, hydraulic fluid filters.
Industrial/Environmental Filtration provides filtration products used in industrial and commercial processes, and infrastructures, such as air cleaners and antimicrobial treated filters.
2016-06-16 | Reiterated Rating | Oppenheimer | Hold | |
2016-06-16 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
2016-06-08 | Reiterated Rating | CL King | Neutral | |
2016-04-17 | Reiterated Rating | Robert W. Baird | Hold | |
2016-03-19 | Reiterated Rating | William Blair | Hold | |
2016-03-17 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-03-03 | Boost Price Target | Robert W. Baird | Neutral | $51.00 to $54.00 |
2016-01-16 | Initiated Coverage | Oppenheimer | Hold | |
2016-01-10 | Reiterated Rating | Oppenheimer | Hold | |
2015-11-11 | Downgrade | Avondale Partners | Outperform to Market Perform | |
2015-09-18 | Downgrade | Robert W. Baird | Outperform to Neutral | $66.00 to $53.00 |
2015-09-17 | Reiterated Rating | William Blair | Hold | |
2015-06-21 | Reiterated Rating | William Blair | Market Perform | |
2015-06-18 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-05-13 | Downgrade | Oppenheimer | Market Perform | |
2015-05-11 | Downgrade | BB&T Corp. | Buy to Hold | |
2015-03-16 | Reiterated Rating | Oppenheimer | Market Perform | |
2014-12-02 | Initiated Coverage | Avondale Partners | Outperform | $77.00 |
2014-07-17 | Upgrade | Robert W. Baird | Neutral to Outperform | $67.00 |
2014-05-14 | Boost Price Target | Robert W. Baird | Neutral | $60.00 to $62.00 |
2014-04-29 | Upgrade | BB&T Capital Mkts | Hold to Buy | $65 |
2014-04-29 | Upgrade | BB&T Corp. | Hold to Buy | $65.00 |
2014-01-17 | Downgrade | Robert W. Baird | Outperform to Neutral | $62.00 to $59.00 |
2013-09-20 | Downgrade | Hilliard Lyons | Buy | |
2013-01-18 | Downgrade | William Blair | Outperform to Mkt Perform | |
2011-10-14 | Initiated | Stifel Nicolaus | Hold | |
2011-09-09 | Initiated | Hilliard Lyons | Buy | $54 |
2010-01-26 | Upgrade | Robert W. Baird | Neutral to Outperform | $40 |
2009-11-19 | Upgrade | BB&T Capital Mkts | Hold to Buy | $40 |
2008-11-14 | Downgrade | KeyBanc Capital Mkts | Hold to Underweight | $25 |
2008-07-03 | Initiated | Friedman Billings | Mkt Perform | $39 |
2008-03-20 | Downgrade | Robert W. Baird | Outperform to Neutral | $42 to $43 |
2008-03-04 | Initiated | BB&T Capital Mkts | Buy | |
2007-12-14 | Reiterated | Robert W. Baird | Outperform | $39 to $42 |
2007-09-20 | Downgrade | Bear Stearns | Outperform to Peer Perform | |
2007-06-25 | Downgrade | KeyBanc Capital Mkts / McDonald | Buy to Hold | |
2007-06-21 | Reiterated | RBC Capital Mkts | Sector Perform | $34 to $39 |
2007-06-20 | Upgrade | Bear Stearns | Peer Perform to Outperform | |
2007-04-17 | Downgrade | Matrix Research | Hold to Sell | |
2007-03-23 | Upgrade | Robert W. Baird | Neutral to Outperform | $37 to $36 |
2016-06-16 | Reiterated Rating | Oppenheimer | Hold | |
2016-06-16 | Reiterated Rating | Oppenheimer Holdings Inc. | Hold | |
2016-06-08 | Reiterated Rating | CL King | Neutral | |
2016-04-17 | Reiterated Rating | Robert W. Baird | Hold | |
2016-03-19 | Reiterated Rating | William Blair | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CLC 16 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 2.82M |
BlackRock Institutional Trust Company, N.A. | 1.44M |
MANAGED ACCOUNT ADVISORS LLC | 0.38M |
NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION | 0.33M |
BlackRock Investment Management, LLC | 0.32M |
RUSSELL FRANK CO/ | 0.28M |
CITY NATIONAL BANK | 41671 |
BlackRock Group LTD | 38440 |
SPECTRUM ADVISORY SERVICES INC | 30028 |
BLACKROCK ADVISORS LLC | 25045 |
RHJ International SA | 22997 |
Placemark Investments, Inc. | 21702 |
ADVANCE CAPITAL I INC | 6200 |
VTL Associates, LLC | 4991 |
MetLife Securities, Inc | 408 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
FERRISE SAM President-Baldwin | 0.10% (50578) | CLC / |
JOHNSON NORMAN E Chairman & CEO | 0.09% (42818) | CBRL / CIR / CLC / SNDR / |
ADAM J MARC | 0.02% (11767) | CLC / |