Bank of New York Mellon Corp Sells 3,474 Shares of Valhi, Inc. (NYSE:VHI)

Bank of New York Mellon Corp trimmed its stake in shares of Valhi, Inc. (NYSE:VHI) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,735 shares of the basic materials company’s stock after selling 3,474 shares during the quarter. Bank of New York Mellon Corp owned 0.41% of Valhi worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Empowered Funds LLC increased its position in Valhi by 8.1% in the first quarter. Empowered Funds LLC now owns 117,129 shares of the basic materials company’s stock worth $2,012,000 after purchasing an additional 8,750 shares during the period. 3.83% of the stock is owned by hedge funds and other institutional investors.

Valhi Trading Down 0.7 %

Valhi stock opened at $26.94 on Wednesday. Valhi, Inc. has a 52 week low of $10.80 and a 52 week high of $31.00. The stock has a 50-day simple moving average of $22.58 and a 200 day simple moving average of $18.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.24 and a current ratio of 3.49. The stock has a market capitalization of $762.40 million, a P/E ratio of 1,347.00 and a beta of 1.28.

Valhi (NYSE:VHI) last released its earnings results on Thursday, August 8th. The basic materials company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.41. The firm had revenue of $559.70 million during the quarter. Valhi had a return on equity of 2.02% and a net margin of 1.27%.

Valhi Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, September 6th. Valhi’s dividend payout ratio (DPR) is presently 1,600.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Valhi from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th.

About Valhi

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.