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 4.29% during the most recent quarter end. The investment management company now holds a total of 248,888 shares of The Valspar Corp which is valued at $26,270,128 after selling 11,150 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.The Valspar Corp makes up approximately 2.44% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd boosted its stake in VAL in the latest quarter, The investment management firm added 92,639 additional shares and now holds a total of 94,913 shares of The Valspar Corp which is valued at $10,018,067. The Valspar Corp makes up approx 0.03% of Blackrock Japan Ltd’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.Equitec Proprietary Markets boosted its stake in VAL in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 1,800 shares of The Valspar Corp which is valued at $192,654. The Valspar Corp makes up approx 0.42% of Equitec Proprietary Markets’s portfolio.

The Valspar Corp opened for trading at $105.56 and hit $106.05 on the upside on Friday, eventually ending the session at $106.02, with a gain of 0.29% or 0.31 points. The heightened volatility saw the trading volume jump to 3,09,009 shares. Company has a market cap of $8,404 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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