Wolverine Asset Management buys $7,219,092 stake in The Valspar Corp (VAL)

The Valspar Corp (VAL) : Wolverine Asset Management scooped up 66,586 additional shares in The Valspar Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 68,395 shares of The Valspar Corp which is valued at $7,219,092.The Valspar Corp makes up approximately 0.64% of Wolverine Asset Management’s portfolio.

Other Hedge Funds, Including , Trustmark National Bank Trust Department sold out all of its stake in VAL during the most recent quarter. The investment firm sold 2,338 shares of VAL which is valued $246,776.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. Trimtabs Asset Management sold out all of its stake in VAL during the most recent quarter. The investment firm sold 20,685 shares of VAL which is valued $2,180,199.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. Nordea Investment Management Ab added VAL to its portfolio by purchasing 3,400 company shares during the most recent quarter which is valued at $365,296.

The Valspar Corp opened for trading at $105.23 and hit $105.73 on the upside on Thursday, eventually ending the session at $105.56, with a gain of 0.14% or 0.15 points. The heightened volatility saw the trading volume jump to 2,46,184 shares. Company has a market cap of $8,368 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.

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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