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CLARCOR Inc.
Type
Subsidiary
Industry Filtration Engines
Membranes Gas Turbines
Valves Hydraulics
Founded 1904
Headquarters Franklin, Tennessee
Key people

Christopher L. Conway
( Chief Executive Officer and Chairman)
David J. Fallon
( Chief Financial Officer, Chief Accounting Officer)(Dec 31, 2013 )

David Lindsay
( 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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2017 2017-06-19 Future report Set alerts
Q1 2017 2017-03-15 Future report Set alerts
Q4 2016 2017-01-18 0.74 0.59
Q3 2016 2016-09-14 0.73 0.73
Q2 2016 2016-06-15 0.73 1.09
Q1 2016 2016-03-16 0.44 0.43
Q4 2015 2016-01-13 0.74 0.67
Q3 2015 2015-09-16 0.66 0.72
Q2 2015 2015-06-17 0.76 0.76
Q1 2015 2015-03-18 0.53 0.53

Ratings

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

Major Shareholders

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 /

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