Monarch Capital Management Inc. Has $403,000 Stake in The Valspar Corp (VAL)
Monarch Capital Management Inc. maintained its position in shares of The Valspar Corp (NYSE:VAL) during the first quarter, Holdings Channel reports. The firm owned 3,630 shares of the specialty chemicals company’s stock at the end of the first quarter. Monarch Capital Management Inc.’s holdings in The Valspar Corp were worth $403,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Sei Investments Co. increased its position in shares of The Valspar Corp by 26.5% in the third quarter. Sei Investments Co. now owns 1,213 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 254 shares in the last quarter. Shinko Asset Management Co. Ltd. increased its position in shares of The Valspar Corp by 885.4% in the third quarter. Shinko Asset Management Co. Ltd. now owns 1,892 shares of the specialty chemicals company’s stock worth $201,000 after buying an additional 1,700 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in shares of The Valspar Corp during the third quarter worth approximately $238,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of The Valspar Corp during the fourth quarter worth approximately $251,000. Finally, Menta Capital LLC acquired a new position in shares of The Valspar Corp during the fourth quarter worth approximately $255,000. 69.60% of the stock is currently owned by institutional investors and hedge funds.
The Valspar Corp (NYSE:VAL) traded up 0.09% during midday trading on Friday, reaching $112.43. 675,145 shares of the company were exchanged. The firm has a market cap of $8.93 billion, a P/E ratio of 26.73 and a beta of 1.63. The Valspar Corp has a one year low of $97.62 and a one year high of $112.50. The firm’s 50-day moving average is $111.43 and its 200-day moving average is $106.92.
The Valspar Corp (NYSE:VAL) last announced its quarterly earnings results on Wednesday, March 8th. The specialty chemicals company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.23. The business earned $907.70 million during the quarter, compared to the consensus estimate of $893.56 million. The Valspar Corp had a net margin of 8.42% and a return on equity of 39.26%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, equities analysts expect that The Valspar Corp will post $4.57 EPS for the current fiscal year.
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VAL has been the topic of a number of research reports. Credit Suisse Group AG reissued a “hold” rating and issued a $102.00 target price on shares of The Valspar Corp in a research note on Thursday, December 22nd. Zacks Investment Research raised shares of The Valspar Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $116.42.
About The 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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