Retirement Planning Group Lowers stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Retirement Planning Group reduced its stake in The Valspar Corp by 33.33% during the most recent quarter end. The investment management company now holds a total of 2,000 shares of The Valspar Corp which is valued at $210,800 after selling 1,000 shares in The Valspar Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.The Valspar Corp makes up approximately 0.07% of Retirement Planning Group’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in VAL in the latest quarter, The investment management firm added 48,400 additional shares and now holds a total of 88,400 shares of The Valspar Corp which is valued at $9,317,360. The Valspar Corp makes up approx 0.12% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Kassirer Asset Management Corp boosted its stake in VAL in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 40,000 shares of The Valspar Corp which is valued at $4,268,000. The Valspar Corp makes up approx 2.33% of Kassirer Asset Management Corp’s portfolio.Pitcairn Co reduced its stake in VAL by selling 32 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 2,316 shares of VAL which is valued at $247,117. The Valspar Corp makes up approx 0.03% of Pitcairn Co’s portfolio.

The Valspar Corp (VAL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $106.12 and reached the intraday high at $106.12. The bulls started the profit booking and pushed the shares to intraday low of $105.5. The trading session was marked by a volume range of 1,63,260 shares exchanging hands. The 52-week high of the shares is $108.97 and the 52-week low is $70.58. The market cap of the company stands at $8,387 M and there are 7,92,71,193 shares in public circulation.

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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