November 30, 2016 - By Dolores Ford · 0 Comments
Valspar Corp (NYSE:VAL) institutional sentiment decreased to 1.08 in Q2 2016. Its down -0.09, from 1.17 in 2016Q1. The ratio worsened, as 164 active investment managers increased and started new equity positions, while 140 decreased and sold equity positions in Valspar Corp. The active investment managers in our partner’s database now possess: 55.26 million shares, down from 57.35 million shares in 2016Q1. Also, the number of active investment managers holding Valspar Corp in their top 10 equity positions was flat from 16 to 16 for the same number . Sold All: 39 Reduced: 101 Increased: 105 New Position: 59.
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The company has a market cap of $8.13 billion. The Firm operates through two divisions: Coatings and Paints. It has a 23.54 P/E ratio. The Coatings segment includes its industrial product lines and packaging product line.
The stock closed at $102.23 during the last session. It is down 4.13% since April 27, 2016 and is downtrending. It has underperformed by 9.35% the S&P500.
According to Zacks Investment Research, “The Valspar Corporation is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants. Valspar Corporation is one of the largest global coatings manufacturers in the world, providing coatings and coating intermediates to a wide variety of customers. Valspar has been dedicated to bringing customers the latest innovations, the finest quality, and the best customer service in the coatings industry. Valspar is in a truly unique position to supply customers with the coating solutions they need.”
Albion Financial Group Ut holds 21.43% of its portfolio in The Valspar Corp for 1.10 million shares. Palisade Asset Management Llc owns 718,526 shares or 14.67% of their US portfolio. Moreover, Halcyon Management Partners Lp has 7.72% invested in the company for 287,943 shares. The California-based Jasper Ridge Partners L.P. has invested 5.57% in the stock. Havens Advisors Llc, a New York-based fund reported 50,000 shares.#img1#
Ratings analysis reveals 0 of Valspar’s analysts are positive. Out of 10 Wall Street analysts rating Valspar, 0 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $73 while the high is $113. The stock’s average target of $91.88 is -10.12% below today’s ($102.23) share price. VAL was included in 18 notes of analysts from August 11, 2015. On Monday, March 21 the stock rating was downgraded by Deutsche Bank to “Hold”. On Tuesday, January 5 the stock rating was initiated by Seaport Global Securities with “Neutral”. The stock of The Valspar Corp (NYSE:VAL) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, March 8. The firm earned “Neutral” rating on Tuesday, March 22 by Northcoast. The stock of The Valspar Corp (NYSE:VAL) earned “Neutral” rating by JP Morgan on Wednesday, November 25. RBC Capital Markets downgraded The Valspar Corp (NYSE:VAL) on Wednesday, November 25 to “Underperform” rating. The company was upgraded on Friday, September 18 by JP Morgan. The rating was downgraded by Longbow to “Neutral” on Tuesday, March 22. The rating was upgraded by RBC Capital Markets on Monday, March 21 to “Sector Perform”. On Tuesday, March 22 the stock rating was reinitiated by Credit Suisse with “Neutral”.
The Valspar Corporation, incorporated on December 3, 1934, is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Firm operates through two divisions: Coatings and Paints. The Firm makes and sells specialty polymers and colorants. The Firm also sells furniture protection plans, and furniture care and repair products under the Guardsman brand.
More important recent The Valspar Corp (NYSE:VAL) news were published by: Startribune.com which released: “CEO Pay Watch: Gary Hendrickson, Valspar Corp.” on January 23, 2016, also Etfdailynews.com published article titled: “Sherwin-Williams Co, The Valspar Corp: A Perfect Color Match In Paint Industry …”, Reuters.com published: “Sherwin-Williams paint company to buy Valspar for $9.3 billion” on March 20, 2016. More interesting news about The Valspar Corp (NYSE:VAL) was released by: Bizjournals.com and their article: “Valspar extends sponsorship of golf tournament” with publication date: March 09, 2016.
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By Dolores Ford