Brown Advisory Inc. boosted its stake in Valspar Corp. (NYSE:VAL) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 6,387 shares of the company’s stock after buying an additional 57 shares during the period. Brown Advisory Inc.’s holdings in Valspar Corp. were worth $690,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in Valspar Corp. by 1.1% in the second quarter. Creative Planning now owns 1,983 shares of the company’s stock valued at $214,000 after buying an additional 22 shares during the period. World Asset Management Inc increased its stake in Valspar Corp. by 1.0% in the second quarter. World Asset Management Inc now owns 4,002 shares of the company’s stock valued at $432,000 after buying an additional 38 shares during the last quarter. Quantum Capital Management increased its stake in Valspar Corp. by 2.3% in the first quarter. Quantum Capital Management now owns 7,705 shares of the company’s stock valued at $825,000 after buying an additional 174 shares during the last quarter. State Treasurer State of Michigan increased its stake in Valspar Corp. by 1.0% in the second quarter. State Treasurer State of Michigan now owns 29,300 shares of the company’s stock valued at $3,165,000 after buying an additional 300 shares during the last quarter. Finally, BlackRock Japan Co. Ltd increased its stake in Valspar Corp. by 21.1% in the first quarter. BlackRock Japan Co. Ltd now owns 2,274 shares of the company’s stock valued at $243,000 after buying an additional 396 shares during the last quarter. 71.89% of the stock is currently owned by hedge funds and other institutional investors.
Valspar Corp. (NYSE:VAL) traded down 0.08% on Friday, reaching $106.09. 39,301 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 24.38 and a beta of 1.44. Valspar Corp. has a 12 month low of $72.38 and a 12 month high of $108.97. The firm has a 50-day moving average of $105.83 and a 200-day moving average of $105.96.
Valspar Corp. (NYSE:VAL) last issued its earnings results on Wednesday, September 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.18 billion. Valspar Corp. had a net margin of 8.31% and a return on equity of 41.74%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. On average, equities analysts expect that Valspar Corp. will post $4.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a $0.33 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.24%. Valspar Corp.’s dividend payout ratio is 30.41%.
Several research firms have recently weighed in on VAL. Barclays PLC set a $110.00 target price on shares of Valspar Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research raised shares of Valspar Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Deutsche Bank AG reissued a “hold” rating on shares of Valspar Corp. in a research report on Thursday, September 8th. Finally, Morgan Stanley reissued a “sell” rating on shares of Valspar Corp. in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $98.14.
About Valspar Corp.
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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