Bahl & Gaynor Inc. Has $2,447,000 Stake in Valspar Corp. (VAL)
Bahl & Gaynor Inc. maintained its position in shares of Valspar Corp. (NYSE:VAL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,066 shares of the company’s stock at the end of the third quarter. Bahl & Gaynor Inc.’s holdings in Valspar Corp. were worth $2,447,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Creative Planning raised its position 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 in the last quarter. World Asset Management Inc raised its position 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 in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Valspar Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,589 shares of the company’s stock valued at $1,360,000 after buying an additional 49 shares in the last quarter. Oakbrook Investments LLC raised its position in Valspar Corp. by 1.3% in the third quarter. Oakbrook Investments LLC now owns 3,825 shares of the company’s stock valued at $406,000 after buying an additional 50 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Valspar Corp. by 0.9% in the second quarter. Brown Advisory Inc. now owns 6,387 shares of the company’s stock valued at $690,000 after buying an additional 57 shares in the last quarter. 72.67% of the stock is owned by institutional investors and hedge funds.
Valspar Corp. (NYSE:VAL) traded down 0.14% during midday trading on Wednesday, hitting $102.09. The company’s stock had a trading volume of 610,400 shares. Valspar Corp. has a one year low of $72.98 and a one year high of $108.97. The company’s 50-day moving average is $102.73 and its 200 day moving average is $105.76. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 23.46 and a beta of 1.65.
Valspar Corp. (NYSE:VAL) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.12. Valspar Corp. had a return on equity of 41.74% and a net margin of 8.31%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned $1.33 EPS. The business’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that Valspar Corp. will post $4.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.37 per share. This is a boost from Valspar Corp.’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 29th. Valspar Corp.’s dividend payout ratio is 30.41%.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Valspar Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Barclays PLC set a $110.00 price target on Valspar Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Valspar Corp. in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $102.77.
Valspar Corp. Company Profile
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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