Tyrus Capital S.a.m. adds The Valspar Corp (VAL) to its portfolio

The Valspar Corp (VAL) : Tyrus Capital S.a.m. added new position in The Valspar Corp during the most recent quarter end. The investment management firm now holds 380,004 shares of The Valspar Corp which is valued at $39,007,411 , the company said in a statement filed on Nov 14, 2016 with the SEC.The Valspar Corp makes up approximately 11.97% of Tyrus Capital S.a.m.’s portfolio.

Other Hedge Funds, Including , Swiss National Bank boosted its stake in VAL in the latest quarter, The investment management firm added 7,400 additional shares and now holds a total of 217,900 shares of The Valspar Corp which is valued at $21,970,857. The Valspar Corp makes up approx 0.04% of Swiss National Bank’s portfolio.Apg Asset Management N.v. boosted its stake in VAL in the latest quarter, The investment management firm added 122,900 additional shares and now holds a total of 126,600 shares of The Valspar Corp which is valued at $12,599,232. The Valspar Corp makes up approx 0.02% of Apg Asset Management N.v.’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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