Dorsey Whitney Trust Co buys $11.5 Million stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Dorsey Whitney Trust Co scooped up 920 additional shares in The Valspar Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 107,567 shares of The Valspar Corp which is valued at $11.5 Million.The Valspar Corp makes up approximately 2.88% of Dorsey Whitney Trust Co’s portfolio.

Other Hedge Funds, Including , Catalyst Capital Advisors sold out all of its stake in VAL during the most recent quarter. The investment firm sold 7,600 shares of VAL which is valued $812,364.Wetherby Asset Management Inc reduced its stake in VAL by selling 177 shares or 4.77% in the most recent quarter. The Hedge Fund company now holds 3,534 shares of VAL which is valued at $377,749. The Valspar Corp makes up approx 0.09% of Wetherby Asset Management Inc’s portfolio. Polaris Greystone Financial Group sold out all of its stake in VAL during the most recent quarter. The investment firm sold 5,200 shares of VAL which is valued $554,788.Texas Permanent School Fund reduced its stake in VAL by selling 2,604 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 58,228 shares of VAL which is valued at $6.2 Million. The Valspar Corp makes up approx 0.08% of Texas Permanent School Fund’s portfolio.

The Valspar Corp opened for trading at $106.94 and hit $107.05 on the upside on Monday, eventually ending the session at $106.94, with a gain of 0.05% or 0.05 points. The heightened volatility saw the trading volume jump to 8,80,303 shares. Company has a market cap of $8,457 M.

On the company’s financial health, The Valspar Corp reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.65. The company had revenue of $885.80 million for the quarter, compared to analysts expectations of $906.32 million. The company’s revenue was down -12.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on The Valspar Corp. The Valspar Corp was Downgraded by Longbow to ” Neutral” on Mar 22, 2016. Company shares were Downgraded by Deutsche Bank on Mar 21, 2016 to ” Hold”, Firm has raised the Price Target to $ 113 from a previous price target of $92 .The Valspar Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Mar 8, 2016.

The Valspar Corporation is engaged in developing manufacturing and distributing a range of coatings paints and related products. The Company operates through two business segments: Coatings and Paints. The Coatings segment includes the Company’s industrial product lines and packaging product line. The Company offers a range of decorative and protective coatings for metal wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Asia Australia Europe North America and South America. The Paints segment includes the Company’s consumer paints and automotive paint refinish product lines. The Company offers a range of paints primers topcoats and aerosol spray paints through retailers distribution networks and Company-owned stores.

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