The Valspar Corp (VAL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in The Valspar Corp (NYSE:VAL) by 49.5% during the first quarter, Holdings Channel reports. The institutional investor owned 4,460 shares of the specialty chemicals company’s stock after selling 4,367 shares during the period. Envestnet Asset Management Inc.’s holdings in The Valspar Corp were worth $494,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VAL. Mn Services Vermogensbeheer B.V. boosted its stake in shares of The Valspar Corp by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,010 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 112 shares in the last quarter. Creative Planning boosted its stake in shares of The Valspar Corp by 3.6% in the first quarter. Creative Planning now owns 4,859 shares of the specialty chemicals company’s stock valued at $539,000 after buying an additional 170 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of The Valspar Corp by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 22,600 shares of the specialty chemicals company’s stock valued at $2,507,000 after buying an additional 200 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of The Valspar Corp by 13.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 250 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of The Valspar Corp by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,500 shares of the specialty chemicals company’s stock valued at $832,000 after buying an additional 289 shares in the last quarter. Institutional investors own 69.60% of the company’s stock.

Institutional Ownership by Quarter for The Valspar Corp (NYSE:VAL)

Shares of The Valspar Corp (NYSE:VAL) opened at 112.99 on Tuesday. The Valspar Corp has a one year low of $97.62 and a one year high of $113.07. The company has a 50-day moving average of $112.60 and a 200 day moving average of $109.83.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, May 30th. The Valspar Corp’s payout ratio is 34.02%.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of The Valspar Corp from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Credit Suisse Group restated a “hold” rating and issued a $111.00 target price on shares of The Valspar Corp in a report on Tuesday, March 14th.

About The 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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