Accredited Investors Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Accredited Investors reduced its stake in The Valspar Corp by 57.34% during the most recent quarter end. The investment management company now holds a total of 10,048 shares of The Valspar Corp which is valued at $1,061,370 after selling 13,506 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.The Valspar Corp makes up approximately 0.28% of Accredited Investors’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in VAL by selling 1,578 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 29,054 shares of VAL which is valued at $3,068,974. The Valspar Corp makes up approx 0.01% of Eaton Vance Management’s portfolio.Gabelli Funds boosted its stake in VAL in the latest quarter, The investment management firm added 39,450 additional shares and now holds a total of 505,950 shares of The Valspar Corp which is valued at $53,529,510. The Valspar Corp makes up approx 0.32% of Gabelli Funds’s portfolio.Mckinley Carter Wealth Services reduced its stake in VAL by selling 4,758 shares or 49.94% in the most recent quarter. The Hedge Fund company now holds 4,770 shares of VAL which is valued at $502,758. The Valspar Corp makes up approx 0.26% of Mckinley Carter Wealth Services’s portfolio. Lmr Partners Llp sold out all of its stake in VAL during the most recent quarter. The investment firm sold 32,590 shares of VAL which is valued $3,469,857.Bartlett reduced its stake in VAL by selling 43,375 shares or 42.21% in the most recent quarter. The Hedge Fund company now holds 59,390 shares of VAL which is valued at $6,336,913. The Valspar Corp makes up approx 0.30% of Bartlett’s portfolio.

The Valspar Corp opened for trading at $105.4 and hit $105.57 on the upside on Wednesday, eventually ending the session at $105.4, with a gain of 0.07% or 0.07 points. The heightened volatility saw the trading volume jump to 1,84,832 shares. Company has a market cap of $8,355 M.

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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