Eulav Asset Management decreased its stake in Valspar Corp (VAL) by 22.67% based on its latest 2016Q3 regulatory filing with the SEC. Eulav Asset Management sold 33,600 shares as the company’s stock declined 1.41% while stock markets rallied. The institutional investor held 114,600 shares of the paints and coatings company at the end of 2016Q3, valued at $12.16 million, down from 148,200 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Valspar Corp for a number of months, seems to be less bullish one the $8.55B market cap company. The stock is up 1.20% or $1.26 hitting $106.37, despite the negative news. About 245,162 shares traded hands. The Valspar Corp (NYSE:VAL) has declined 3.17% since June 7, 2016 and is downtrending. It has underperformed by 10.59% the S&P500.
Eulav Asset Management, which manages about $2.35 billion and $1.89 billion US Long portfolio, upped its stake in Disney Walt Co (NYSE:DIS) by 65,000 shares to 117,000 shares, valued at $10.87M in 2016Q3, according to the filing. It also increased its holding in Toro Co (NYSE:TTC) by 320,500 shares in the quarter, for a total of 639,000 shares, and has risen its stake in Church & Dwight Inc (NYSE:CHD).
Eulav Asset Management is a New York-based institutional investor with more than $2.35 billion AUM in December, 2014. Taken from Eulav Asset latest Adv, the fund reported to have 16 full and part-time employees. Among which 5 performing investment advisory and research functions. The institutional investor had between 11-25 clients.
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q3. Its down 0.09, from 1.17 in 2016Q2. The ratio worsened, as 22 funds sold all VAL shares owned while 110 reduced positions. 32 funds bought stakes while 110 increased positions. They now own 54.61 million shares or 1.17% less from 55.26 million shares in 2016Q2. Albion Finance Gp Ut has 973,213 shares for 17.67% of their US portfolio. Arizona State Retirement Systems holds 0.05% or 30,734 shares in its portfolio. Commonwealth Natl Bank Of accumulated 128 shares or 0% of the stock. Ibm Retirement Fund owns 7,495 shares or 0.04% of their US portfolio. The Illinois-based Oakbrook Investments Limited Liability Corp has invested 0.02% in The Valspar Corp (NYSE:VAL). Oregon Public Employees Retirement Fund holds 48,964 shares or 0.11% of its portfolio. Alpine Assocs Mngmt, a New Jersey-based fund reported 815,022 shares. Gabelli Funds Ltd holds 0.31% or 499,452 shares in its portfolio. Raymond James Financial Svcs Advsr accumulated 7,401 shares or 0.01% of the stock. Rbf Capital Ltd Liability Corporation has 0.27% invested in the company for 15,000 shares. Tci Wealth has invested 0% of its portfolio in The Valspar Corp (NYSE:VAL). Walleye Trading Ltd Llc, a Minnesota-based fund reported 15,087 shares. British Columbia Inv, a British Columbia – Canada-based fund reported 27,554 shares. Morgan Stanley owns 1.99 million shares or 0.07% of their US portfolio. X Lc last reported 0.01% of its portfolio in the stock.
More notable recent The Valspar Corp (NYSE:VAL) news were published by: Finance.Yahoo.com which released: “Havens Advisors Llc Buys NXP Semiconductors NV, The Valspar Corp, Mentor …” on January 10, 2017, also Streetinsider.com with their article: “Form 8-K VALSPAR CORP For: Dec 19” published on December 19, 2016, Bizjournals.com published: “Valspar extends sponsorship of golf tournament” on March 09, 2016. More interesting news about The Valspar Corp (NYSE:VAL) were released by: Streetinsider.com and their article: “Valspar Corp. (VAL), Sherwin-Williams (SHW) Comment on Market Chatter; Will …” published on October 28, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Valspar Corp reports Q4 earnings per share $1.27” with publication date: December 20, 2016.
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.”
The Valspar Corp (NYSE:VAL) Ratings Coverage
Out of 10 analysts covering Valspar (NYSE:VAL), 0 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 0 are positive. Valspar has been the topic of 18 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Tuesday, March 22, the company rating was downgraded by Northcoast. The company was upgraded on Friday, September 18 by JP Morgan. The stock of The Valspar Corp (NYSE:VAL) has “Hold” rating given on Monday, March 21 by Deutsche Bank. RBC Capital Markets downgraded the stock to “Underperform” rating in Wednesday, November 25 report. The firm has “Neutral” rating by Longbow given on Tuesday, March 22. The firm earned “Sector Perform” rating on Monday, March 21 by RBC Capital Markets. The stock has “Overweight” rating given by JP Morgan on Tuesday, August 11. On Wednesday, November 25 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was initiated by Seaport Global Securities on Tuesday, January 5 with “Neutral”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, March 8.
VAL Company Profile
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.
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