Front Street Capital Management Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Front Street Capital Management reduced its stake in The Valspar Corp by 3.07% during the most recent quarter end. The investment management company now holds a total of 98,196 shares of The Valspar Corp which is valued at $10,079,819 after selling 3,111 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 4.57% of Front Street Capital Management’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in VAL in the latest quarter, The investment management firm added 757 additional shares and now holds a total of 8,277 shares of The Valspar Corp which is valued at $849,634.Hudson Bay Capital Management Lp reduced its stake in VAL by selling 13,732 shares or 50.86% in the most recent quarter. The Hedge Fund company now holds 13,268 shares of VAL which is valued at $1,357,051. The Valspar Corp makes up approx 0.13% of Hudson Bay Capital Management Lp’s portfolio.Mutual Of America Capital Management boosted its stake in VAL in the latest quarter, The investment management firm added 1,237 additional shares and now holds a total of 55,644 shares of The Valspar Corp which is valued at $5,509,869. The Valspar Corp makes up approx 0.12% of Mutual Of America Capital Management’s portfolio.Stoneridge Investment Partners reduced its stake in VAL by selling 200 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 4,564 shares of VAL which is valued at $454,574. The Valspar Corp makes up approx 0.07% of Stoneridge Investment Partners’s portfolio.Dearborn Partners boosted its stake in VAL in the latest quarter, The investment management firm added 5,054 additional shares and now holds a total of 230,528 shares of The Valspar Corp which is valued at $24,286,125. The Valspar Corp makes up approx 2.12% of Dearborn 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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