Two Sigma Securities LLC Purchases New Position in The Valspar Corp (VAL)

Two Sigma Securities LLC purchased a new position in The Valspar Corp (NYSE:VAL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,039 shares of the specialty chemicals company’s stock, valued at approximately $337,000.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of The Valspar Corp by 7.5% in the first quarter. Van ECK Associates Corp now owns 963 shares of the specialty chemicals company’s stock worth $107,000 after buying an additional 67 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of The Valspar Corp by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,010 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 112 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of The Valspar Corp by 31.7% in the first quarter. Global X Management Co. LLC now owns 2,028 shares of the specialty chemicals company’s stock worth $225,000 after buying an additional 488 shares during the last quarter. RFG Advisory Group LLC acquired a new stake in shares of The Valspar Corp during the first quarter worth $230,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of The Valspar Corp by 13.2% in the first quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

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

The Valspar Corp (NYSE:VAL) remained flat at $112.99 during trading on Monday. The Valspar Corp has a 12 month low of $97.62 and a 12 month high of $113.07. The company’s 50-day moving average is $112.59 and its 200-day moving average is $109.64.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, June 1st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, May 30th. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. The Valspar Corp’s dividend payout ratio (DPR) is 34.02%.

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A number of brokerages have weighed in on VAL. Zacks Investment Research upgraded The Valspar Corp from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Credit Suisse Group reiterated a “hold” rating and set a $111.00 price target on shares of The Valspar Corp in a report on Tuesday, March 14th.

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.

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