Freestone Capital Holdings Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Freestone Capital Holdings reduced its stake in The Valspar Corp by 4.45% during the most recent quarter end. The investment management company now holds a total of 237,810 shares of The Valspar Corp which is valued at $24,411,197 after selling 11,078 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.The Valspar Corp makes up approximately 2.27% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Ontario Teachers Pension Plan Board boosted its stake in VAL in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 20,000 shares of The Valspar Corp which is valued at $2,053,000. The Valspar Corp makes up approx 0.02% of Ontario Teachers Pension Plan Board’s portfolio.First Personal Financial Services boosted its stake in VAL in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 445 shares of The Valspar Corp which is valued at $44,869. The Valspar Corp makes up approx 0.01% of First Personal Financial Services’s portfolio.Proficio Capital Partners boosted its stake in VAL in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 289 shares of The Valspar Corp which is valued at $30,411. The Valspar Corp makes up approx 0.02% of Proficio Capital Partners’s portfolio.

The Valspar Corp opened for trading at $101.4 and hit $101.75 on the upside on Monday, eventually ending the session at $101.38, with a gain of 0.06% or 0.06 points. The heightened volatility saw the trading volume jump to 2,52,020 shares. Company has a market cap of $8,045 M.

On the company’s financial health, The Valspar Corp reported $1.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Sep 7, 2016. Analyst had a consensus of $1.45. The company had revenue of $1141.90 million for the quarter, compared to analysts expectations of $1175.51 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.33 EPS.

Investors should note that on Nov 17, 2016, The Valspar Corp announced a cash dividend of $0.3700. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 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.

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