Dearborn Partners buys $24,224,927 stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Dearborn Partners scooped up 5,543 additional shares in The Valspar Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 225,474 shares of The Valspar Corp which is valued at $24,224,927.The Valspar Corp makes up approximately 2.06% of Dearborn Partners’s portfolio.

Other Hedge Funds, Including , Leavell Investment Management reduced its stake in VAL by selling 235 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 8,838 shares of VAL which is valued at $949,555. The Valspar Corp makes up approx 0.14% of Leavell Investment Management’s portfolio. Livforsakringsbolaget Skandia Omsesidigt added VAL to its portfolio by purchasing 6,800 company shares during the most recent quarter which is valued at $735,964. The Valspar Corp makes up approx 0.03% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Havens Advisors boosted its stake in VAL in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 50,000 shares of The Valspar Corp which is valued at $5,410,500. The Valspar Corp makes up approx 4.72% of Havens Advisors’s portfolio.Creative Planning boosted its stake in VAL in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 1,983 shares of The Valspar Corp which is valued at $214,580.Marshwinds Advisory Co reduced its stake in VAL by selling 525 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 6,950 shares of VAL which is valued at $753,311. The Valspar Corp makes up approx 0.36% of Marshwinds Advisory Co’s portfolio.

The Valspar Corp closed down -0.28 points or -0.26% at $107.44 with 3,15,883 shares getting traded on Wednesday. Post opening the session at $107.74, the shares hit an intraday low of $107.44 and an intraday high of $107.84 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.

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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