Eads & Heald Investment Counsel lowered its position in shares of Valspar Corp. (NYSE:VAL) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,710 shares of the company’s stock after selling 345 shares during the period. Eads & Heald Investment Counsel’s holdings in Valspar Corp. were worth $509,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of VAL. Creative Planning increased its stake in shares of Valspar Corp. by 1.1% in the second quarter. Creative Planning now owns 1,983 shares of the company’s stock worth $214,000 after buying an additional 22 shares during the period. Quantum Capital Management increased its stake in shares of Valspar Corp. by 2.3% in the first quarter. Quantum Capital Management now owns 7,705 shares of the company’s stock worth $825,000 after buying an additional 174 shares during the period. BlackRock Japan Co. Ltd increased its stake in shares of Valspar Corp. by 21.1% in the first quarter. BlackRock Japan Co. Ltd now owns 2,274 shares of the company’s stock worth $243,000 after buying an additional 396 shares during the period. Oakbrook Investments LLC increased its stake in shares of Valspar Corp. by 12.7% in the second quarter. Oakbrook Investments LLC now owns 3,775 shares of the company’s stock worth $408,000 after buying an additional 425 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Valspar Corp. by 5.4% in the second quarter. Capstone Asset Management Co. now owns 9,695 shares of the company’s stock worth $1,047,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.
Valspar Corp. (NYSE:VAL) traded down 0.270% during trading on Friday, hitting $105.115. The stock had a trading volume of 121,552 shares. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 24.153 and a beta of 1.53. Valspar Corp. has a 12 month low of $72.98 and a 12 month high of $108.97. The stock has a 50 day moving average price of $105.81 and a 200-day moving average price of $106.78.
Valspar Corp. (NYSE:VAL) last released its quarterly earnings data on Wednesday, September 7th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.12. The firm earned $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Valspar Corp. had a return on equity of 41.74% and a net margin of 8.31%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. On average, equities analysts predict that Valspar Corp. will post $4.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, August 30th. Valspar Corp.’s dividend payout ratio (DPR) is 30.41%.
A number of analysts have recently issued reports on the company. Morgan Stanley reiterated a “sell” rating on shares of Valspar Corp. in a research report on Thursday, June 16th. Deutsche Bank AG reiterated a “hold” rating on shares of Valspar Corp. in a research report on Thursday, September 8th. Zacks Investment Research upgraded Valspar Corp. from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Thursday, October 6th. Finally, Barclays PLC set a $110.00 price objective on Valspar Corp. and gave the company a “hold” rating in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $100.39.
About Valspar Corp.
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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