The Valspar Corp (VAL) : Spf Beheer Bv scooped up 22,481 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 13, 2016. The investment management firm now holds a total of 760,119 shares of The Valspar Corp which is valued at $81.2 Million.The Valspar Corp makes up approximately 4.27% of Spf Beheer Bv’s portfolio.
Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in VAL by selling 2,059 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 29,869 shares of VAL which is valued at $3.2 Million. The Valspar Corp makes up approx 0.02% of Nuveen Asset Management’s portfolio.Sasco Capital Inc Ct reduced its stake in VAL by selling 1,788 shares or 14.67% in the most recent quarter. The Hedge Fund company now holds 10,398 shares of VAL which is valued at $1.1 Million. The Valspar Corp makes up approx 0.03% of Sasco Capital Inc Ct’s portfolio. Argent Capital Management sold out all of its stake in VAL during the most recent quarter. The investment firm sold 3,550 shares of VAL which is valued $379,460. Archford Capital Strategies sold out all of its stake in VAL during the most recent quarter. The investment firm sold 122 shares of VAL which is valued $13,041.
The Valspar Corp closed down -0.09 points or -0.08% at $106.91 with 8,94,607 shares getting traded on Wednesday. Post opening the session at $106.93, the shares hit an intraday low of $106.89 and an intraday high of $107.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, The Valspar Corp reported $1.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $1.26. The company had revenue of $1056.80 million for the quarter, compared to analysts expectations of $1123.87 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.11 EPS.
Investors should note that on May 19, 2016, The Valspar Corp announced a cash dividend of $0.3300. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.
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.