Spectrum Advisory Services Inc Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Spectrum Advisory Services Inc reduced its stake in The Valspar Corp by 19.11% during the most recent quarter end. The investment management company now holds a total of 80,700 shares of The Valspar Corp which is valued at $8.6 Million after selling 19,070 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.The Valspar Corp makes up approximately 3.40% of Spectrum Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in VAL in the latest quarter, The investment management firm added 110,844 additional shares and now holds a total of 132,041 shares of The Valspar Corp which is valued at $14.1 Million. The Valspar Corp makes up approx 0.30% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.New York State Common Retirement Fund reduced its stake in VAL by selling 36,995 shares or 6.08% in the most recent quarter. The Hedge Fund company now holds 571,390 shares of VAL which is valued at $61.1 Million. The Valspar Corp makes up approx 0.09% of New York State Common Retirement Fund’s portfolio.Markston International reduced its stake in VAL by selling 1,900 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 26,320 shares of VAL which is valued at $2.8 Million. The Valspar Corp makes up approx 0.27% of Markston International’s portfolio.Swiss National Bank boosted its stake in VAL in the latest quarter, The investment management firm added 23,800 additional shares and now holds a total of 128,100 shares of The Valspar Corp which is valued at $13.7 Million. The Valspar Corp makes up approx 0.02% of Swiss National Bank’s portfolio.

The Valspar Corp closed down -0.06 points or -0.06% at $106.87 with 8,68,302 shares getting traded on Friday. Post opening the session at $107, the shares hit an intraday low of $106.78 and an intraday high of $107.02 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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