Janus Capital Management LLC Has $55.60 Million Stake in The Valspar Corp (NYSE:VAL)

Janus Capital Management LLC boosted its position in The Valspar Corp (NYSE:VAL) by 58.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 501,169 shares of the specialty chemicals company’s stock after buying an additional 185,002 shares during the period. Janus Capital Management LLC owned about 0.63% of The Valspar Corp worth $55,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of The Valspar Corp by 8.3% in the first quarter. Prudential Financial Inc. now owns 51,459 shares of the specialty chemicals company’s stock worth $5,709,000 after buying an additional 3,934 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of The Valspar Corp by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the specialty chemicals company’s stock worth $2,052,000 after buying an additional 400 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of The Valspar Corp during the fourth quarter worth $2,033,000. UBS Asset Management Americas Inc. raised its stake in shares of The Valspar Corp by 2.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 160,764 shares of the specialty chemicals company’s stock worth $16,658,000 after buying an additional 4,131 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of The Valspar Corp by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 902,214 shares of the specialty chemicals company’s stock worth $100,092,000 after buying an additional 40,312 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Shares of The Valspar Corp (NYSE:VAL) remained flat at $112.99 on Tuesday. 4,673,480 shares of the company were exchanged. The Valspar Corp has a 1-year low of $97.62 and a 1-year high of $113.07. The company has a 50-day moving average price of $112.73 and a 200-day moving average price of $110.34.

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Separately, Zacks Investment Research upgraded The Valspar Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th.

The 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.

Institutional Ownership by Quarter for The Valspar Corp (NYSE:VAL)

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