PPG Industries Inc (NYSE:PPG) Sentiment Dropped to 0.98, Despite

June 27, 2018 - By Anthony Rauscher

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

PPG Industries Inc’s Sentiment

“Big money sentiment for PPG Industries Inc (NYSE:PPG) in 2018 Q1 decreased to 0.98, according to SEC filings. That’s down -0.02, from 2017Q4’s 1. 281 funds increased or started new positions, while 288 reduced and sold positions in PPG Industries Inc so the sentiment worsened. These funds own 183.14 million shares, that’s down from 186.33 million shares in 2017Q4. Funds holding PPG Industries Inc in top 10 changed to 2 from 4 for a decrease of 2. 42 Investors Sold All; 246 Reduced Holdings; 215 increased stakes while 66 funds bought stakes.

Largest PPG Industries Inc Investors

As of 2018 Q1 New Mountain Vantage Advisers L.L.C. has 3.65% invested in PPG Industries Inc. As of 2018 Q1, 724,493 shares of PPG Industries Inc are owned by Spf Beheer Bv. Gillespie Robinson & Grimm Inc reported 212,870 shares. Aristotle Capital Management Llc revealed 3.40 million shares position in PPG Industries Inc. The Massachusetts-based fund Thomaspartners Inc. holds 3.11 million shares or 2.54% of their US long stock exposure.

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.16.85 is the P/E ratio. 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.

PPG reached $106 during the last trading session after $0.17 change.Currently PPG Industries, Inc. is downtrending after 3.28% change in last June 27, 2017. PPG has 187,562 shares volume. PPG underperformed the S&P 500 by 15.85%.

On July, 19 is awaited PPG Industries, Inc. (NYSE:PPG)’s earnings report, according to Faxor. Analysts predict 3.83 % diference or $1.90 from the $1.83 EPS from 2017. If PPG’s EPS is $1.90 the profit will reach $473.71 million for 13.95 P/E. Analysts at Wall Street see PPG Industries, Inc.’s 36.69 % EPS growth compared to $1.39 EPS for previous quarter.

336,474 were reported by Raymond James Associates. Cetera Advisor Netwr Ltd Llc holds 8,269 shs. Ibm Retirement Fund reported 5,654 shs. Regentatlantic Lc stated it has 10,275 shs or 0.1% of all its holdings. The West Virginia-based City Hldg Commerce has invested 0.02% in PPG Industries, Inc. (NYSE:PPG). Congress Asset Management Co Ma owns 383,715 shs. Aviva Public Limited Liability holds 0.09% of its capital in PPG Industries, Inc. (NYSE:PPG) for 130,412 shs. Boston Common Asset Mgmt Ltd Co owns 55,428 shs. Stratos Wealth reported 0.04% of its capital in PPG Industries, Inc. (NYSE:PPG). Nelson Van Denburg And Campbell Wealth Mgmt Gru Limited stated it has 0% of its capital in PPG Industries, Inc. (NYSE:PPG). 6,408 were reported by Advisory Ser Network Ltd Liability Corp. Sequoia Financial Advsr Limited Com reported 0.04% in PPG Industries, Inc. (NYSE:PPG). Bb&T Corp stated it has 31,988 shs. State Common Retirement Fund holds 0.1% or 702,500 shs. Mark Sheptoff Fincl Planning Lc owns 34 shs or 0% of their US capital.

PPG Industries, Inc. had 1 insider sale and 0 insider purchases since February 22, 2018. This’s net activity of $1.10 million.

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 24 the stock has “Neutral” rating by Citigroup. In Tuesday, January 2 report Jefferies maintained the stock with “Buy” rating. On Monday, April 23 Susquehanna maintained PPG Industries, Inc. (NYSE:PPG) with “Hold” rating. The company rating was maintained by Citigroup on Wednesday, January 24. On Tuesday, April 17 Seaport Global maintained the shares of PPG in report with “Hold” rating. On Tuesday, March 27 the rating was initiated by BMO Capital Markets with “Hold”. In Wednesday, May 16 report Jefferies downgraded the stock to “Hold” rating. On Friday, January 19 the firm earned “Hold” rating by J.P. Morgan. On Wednesday, April 25 the firm earned “Overweight” rating by JP Morgan. On Wednesday, January 17 RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) with “Hold” rating.

For more PPG Industries, Inc. (NYSE:PPG) news announced briefly go to: Globenewswire.com, Globenewswire.com, Businesswire.com, Businesswire.com or Bizjournals.com. The titles are as follows: “SHAREHOLDER ALERT – ACET MFGP PPG: The Law Offices of Vincent Wong Reminds Investors of Important Class …” announced on June 22, 2018, “Hagens Berman Reminds Investors in PPG Industries, Inc. (NYSE:PPG) of the July 19, 2018 Securities Class Action …” on June 26, 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 “PPG to close paint manufacturing plant in Houston” with publication date: June 22, 2018.

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

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