PPG Industries Inc (NYSE:PPG) Sentiment Change Report at 0.98

June 27, 2018 - By Norman Soto

PPG Industries, Inc. (NYSE:PPG) Corporate Logo

“Big money” Positions

“Big money sentiment for PPG Industries Inc (NYSE:PPG) in 2018 Q1 decreased to 0.98, SEC.gov filings reveal. So its down -0.02, from 2017Q4’s 1. 281 investment professionals increased or started new holdings, while 288 sold and trimmed equity positions in PPG Industries Inc so the sentiment dropped. Funds own 183.14 million shares, down from 186.33 million shares in 2017Q4. Funds holding PPG Industries Inc in top 10 decreased from 4 to 2 for a decrease of 2. 42 Investors Sold All; 246 Reduced Holdings; 215 increased holdings while 66 investment professionals bought holdings.

Largest PPG Industries Inc Shareholders

New Mountain Vantage Advisers L.L.C. owns 398,408 shares in PPG Industries Inc as of 2018 Q1. PPG Industries Inc’s shareholder Spf Beheer Bv owns 724,493 shares as of 2018 Q1. In addition, Gillespie Robinson & Grimm Inc reported 212,870 shares in PPG Industries Inc equivalent to 3.1% of its stock exposure. The California-based fund Aristotle Capital Management Llc have invested about 2.55% of the investment manager’s stock portfolio in PPG Industries Inc. The Massachusetts-based fund Thomaspartners Inc. looks positive on PPG Industries Inc, having 3.11 million shares.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products.The firm is valued at $26.43 billion. It operates in three divisions: Performance Coatings, Industrial Coatings, and Glass.The P/E ratio is 16.85. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

The stock increased 0.16% or $0.17 during the last trading session, reaching $106.PPG Industries, Inc. has volume of 187,562 shares. Since June 27, 2017 PPG has declined 3.28% and is downtrending. PPG underperformed the S&P500 by 15.85%.

Investors wait PPG Industries, Inc. (NYSE:PPG)’s quarterly earnings on July, 19., Zacks reports. Analysts have expectation on stock’s earnings per share of $1.90. That’s up 3.83 % from last year’s $1.83 earnings per share. PPG’s profit could hit $473.71 million with 13.95 P/E in case $1.90 earnings per share is reported. Wall Street now sees 36.69 % EPS growth despite PPG Industries, Inc. last quarter’s EPS of $1.39.

Amer Gru Incorporated, a New York-based fund reported 80,444 shs. Estabrook Cap Mgmt invested in 5,950 shs. The California-based Capital Research Invsts has invested 0.13% in PPG Industries, Inc. (NYSE:PPG). Commerce Fincl Bank owns 23,797 shs for 0.04% of their capital. Moreover, Cambridge Com has 0.09% invested in PPG Industries, Inc. (NYSE:PPG) for 12,306 shs. Banced holds 0.49% or 2,454 shs in its capital. Moreover, Northern Tru has 0.09% invested in PPG Industries, Inc. (NYSE:PPG) for 2.97 million shs. Congress Asset Mgmt Ma reported 383,715 shs or 0.6% of all its holdings. State Of Wisconsin Inv Board has invested 0.08% in PPG Industries, Inc. (NYSE:PPG). Moreover, Amer Registered Invest Advisor Inc has 0.78% invested in PPG Industries, Inc. (NYSE:PPG). Guardian Life Of America, a New York-based fund reported 585 shs. Benjamin F Edwards And Company owns 1,814 shs or 0.02% of their US capital. Madison Investment Hldgs invested in 604,995 shs. Paradigm Asset Mgmt Limited Liability Company owns 3,210 shs. Koch has 0.06% invested in PPG Industries, Inc. (NYSE:PPG).

PPG Industries, Inc. registered $1.10 million net activity with 0 insider buys and 1 sale since February 22, 2018.

PPG Industries, Inc. (NYSE:PPG) Ratings Coverage

In total 15 analysts cover PPG Industries (NYSE:PPG). “Buy” rating has 6, “Sell” are 0, while 9 are “Hold”. (NYSE:PPG) has 40% bullish analysts. With $135.0 highest and $113 lowest PT, PPG Industries has $121.36 average PT or 14.49% above the current ($106) price. 25 are the (NYSE:PPG)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Tuesday, April 17 the firm has “Hold” rating by Seaport Global given. On Wednesday, April 25 the rating was upgraded by JP Morgan to “Overweight”. In Tuesday, January 23 report Seaport Global maintained it with “Buy” rating and $130.0 target. In Friday, April 20 report Credit Suisse maintained the stock with “Outperform” rating. In Tuesday, March 27 report BMO Capital Markets initiated the stock with “Hold” rating. On Friday, April 20 the firm has “Buy” rating given by Robert W. Baird. On Wednesday, January 17 the firm has “Neutral” rating by Atlantic Securities given. On Friday, January 19 Northcoast maintained PPG Industries, Inc. (NYSE:PPG) rating. Northcoast has “Buy” rating and $128.0 target. On Monday, April 23 the firm has “Hold” rating by Susquehanna given. In Wednesday, January 24 report Citigroup maintained it with “Neutral” rating and $125 target.

For more PPG Industries, Inc. (NYSE:PPG) news announced briefly go to: Businesswire.com, Bizjournals.com, Businesswire.com, Businesswire.com or Globenewswire.com. The titles are as follows: “PPG INVESTORS NOTICE: Lieff Cabraser Reminds Investors of Deadline in Class Action Against PPG Industries, Inc.” announced on June 26, 2018, “PPG to close paint manufacturing plant in Houston” on June 22, 2018, “PPG to Enhance Distribution Capabilities for Architectural Paint, Coatings With New Facility in Flower Mound, Texas” with a publish date: June 05, 2018, “PPG Announces Leadership Appointments” and the last “SHAREHOLDER ALERT – ACET MFGP PPG: The Law Offices of Vincent Wong Reminds Investors of Important Class …” with publication date: June 22, 2018.

PPG Industries, Inc. (NYSE:PPG) Institutional Investors Chart

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