Mckinley Carter Wealth Services Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Mckinley Carter Wealth Services reduced its stake in The Valspar Corp by 49.94% during the most recent quarter end. The investment management company now holds a total of 4,770 shares of The Valspar Corp which is valued at $502,758 after selling 4,758 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.The Valspar Corp makes up approximately 0.26% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Proficio Capital Partners boosted its stake in VAL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 137 shares of The Valspar Corp which is valued at $14,586. The Valspar Corp makes up approx 0.01% of Proficio Capital Partners’s portfolio.Markston International reduced its stake in VAL by selling 1,000 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 25,320 shares of VAL which is valued at $2,701,644. The Valspar Corp makes up approx 0.24% of Markston International’s portfolio.Hall Laurie J Trustee reduced its stake in VAL by selling 300 shares or 42.25% in the most recent quarter. The Hedge Fund company now holds 410 shares of VAL which is valued at $44,366. The Valspar Corp makes up approx 0.03% of Hall Laurie J Trustee’s portfolio.

The Valspar Corp closed down -0.09 points or -0.09% at $105.31 with 3,53,766 shares getting traded on Thursday. Post opening the session at $105.33, the shares hit an intraday low of $105.17 and an intraday high of $105.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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