November 25, 2016 - By Vivian Park · 0 Comments
PPG Industries Inc (NYSE:PPG) institutional sentiment decreased to 0.93 in 2016 Q2. Its down -0.23, from 1.16 in 2016Q1. The ratio is negative, as 323 institutional investors opened new and increased positions, while 279 reduced and sold their stock positions in PPG Industries Inc. The institutional investors in our partner’s database now possess: 189.57 million shares, down from 197.56 million shares in 2016Q1. Also, the number of institutional investors holding PPG Industries Inc in their top 10 positions decreased from 8 to 5 for a decrease of 3. Sold All: 53 Reduced: 226 Increased: 254 New Position: 69.
PPG Industries, Inc. manufactures and distributes a range of coatings, specialty materials and glass products. The company has a market cap of $26.02 billion. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. It has a 32.81 P/E ratio. The Performance Coatings segment consists of the refinish, aerospace, protective and marine, architectural-Americas and Asia Pacific, and architectural-EMEA coatings businesses.
The stock closed at $97.59 during the last session. It is down 13.78% since April 22, 2016 and is downtrending. It has underperformed by 19.19% the S&P500.
Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on January, 19. They expect $1.19 earnings per share, down 3.25% or $0.04 from last year’s $1.23 per share. PPG’s profit will be $317.28M for 20.50 P/E if the $1.19 EPS becomes a reality. After $1.56 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -23.72% negative EPS growth.
According to Zacks Investment Research, “PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Areas in which resources have been focused are automotive original, refinish, industrial, aerospace, packaging, and architectural coatings; flat glass, automotive original and replacement glass, aircraft transparencies, continuous-strand fiber glass; and chlor-alkali and specialty chemicals.”
Gallagher Fiduciary Advisors Llc holds 32.13% of its portfolio in PPG Industries, Inc. for 884,390 shares. Alleghany Corp De owns 1.00 million shares or 3.99% of their US portfolio. Moreover, Natixis Asset Management has 3.87% invested in the company for 345,191 shares. The Japan-based Mu Investments Co. Ltd. has invested 2.81% in the stock. Northcoast Asset Management Llc, a Connecticut-based fund reported 356,413 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $5.33 million net activity.
Ratings analysis reveals 71% of PPG Industries’s analysts are positive. Out of 14 Wall Street analysts rating PPG Industries, 10 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $100 while the high is $131. The stock’s average target of $114.30 is 17.12% above today’s ($97.59) share price. PPG was included in 21 notes of analysts from September 6, 2015. The company was downgraded on Friday, October 21 by Goldman Sachs. The firm earned “Outperform” rating on Monday, September 14 by RBC Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) has “Hold” rating given on Tuesday, October 25 by Argus Research. Seaport Global upgraded the shares of PPG in a report on Tuesday, July 26 to “Buy” rating. Goldman Sachs upgraded the stock to “Buy” rating in Monday, October 12 report. As per Tuesday, September 8, the company rating was maintained by RBC Capital Markets. Deutsche Bank downgraded the shares of PPG in a report on Tuesday, October 11 to “Hold” rating. Citigroup maintained PPG Industries, Inc. (NYSE:PPG) on Monday, April 18 with “Buy” rating. The rating was initiated by Seaport Global Securities on Tuesday, January 5 with “Accumulate”. UBS upgraded PPG Industries, Inc. (NYSE:PPG) rating on Friday, October 16. UBS has “Buy” rating and $122 price target.
PPG Industries, Inc. (PPG), incorporated on August 24, 1883, makes and distributes a range of coatings, specialty materials and glass products. PPG operates through three business divisions: Performance Coatings, Industrial Coatings and Glass. PPG is a global supplier of coatings. The Performance Coatings and Industrial Coatings divisions supply coatings and specialty materials for clients in a range of end-use markets, including industrial equipment, appliances and packaging; factory-finished aluminum extrusions and steel and aluminum coils; marine and aircraft equipment; automotive original equipment (automotive OEM), and other industrial and consumer products. In addition to supplying coatings to the automotive OEM market, PPG supplies refinishes to the automotive aftermarket. PPG also serves commercial and residential new build and maintenance markets by supplying coatings to painting and maintenance contractors and directly to clients for decoration and maintenance.
Another recent and important PPG Industries, Inc. (NYSE:PPG) news was published by Nasdaq.com which published an article titled: “PPG Industries, Inc. (PPG) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.
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By Vivian Park