Pictet Asset Management Ltd. held its stake in The Valspar Corp (NYSE:VAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the specialty chemicals company’s stock at the end of the second quarter. Pictet Asset Management Ltd.’s holdings in The Valspar Corp were worth $2,938,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp increased its stake in 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 in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in 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 in the last quarter. Global X Management Co. LLC increased its stake in 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 in the last quarter. RFG Advisory Group LLC acquired a new stake in The Valspar Corp during the first quarter worth $230,000. Finally, Daiwa Securities Group Inc. increased its stake in 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 in the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Shares of The Valspar Corp (VAL) opened at 112.99 on Monday. The Valspar Corp has a 52 week low of $97.62 and a 52 week high of $113.07. The stock has a 50 day moving average of $112.73 and a 200 day moving average of $110.34.

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

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.

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

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