Ppg Inds INC (PPG) Shareholder State Street Corp Lowered Its Stake by $16.69 Million

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment increased to 1.21 in 2019 Q2. Its up 0.33, from 0.88 in 2019Q1. It improved, as 37 investors sold PPG shares while 196 reduced holdings. 83 funds opened positions while 200 raised stakes. 179.23 million shares or 1.44% less from 181.84 million shares in 2019Q1 were reported. Barclays Public Ltd Co stated it has 0.07% of its portfolio in PPG Industries, Inc. (NYSE:PPG). 11,004 were reported by Gateway Investment Advisers Ltd Limited Liability Company. 1832 Asset Management Lp holds 0% or 7,837 shares. Envestnet Asset Mngmt owns 86,297 shares. Dnb Asset Mgmt As has 42,074 shares. Oppenheimer &, New York-based fund reported 15,781 shares. Qci Asset Mngmt Incorporated Ny stated it has 90 shares or 0% of all its holdings. Nj State Employees Deferred Compensation Plan has invested 0.2% in PPG Industries, Inc. (NYSE:PPG). Oppenheimer Asset holds 0.06% or 23,196 shares. Farmers Bankshares, a Kentucky-based fund reported 5,340 shares. Nomura Asset Mgmt Limited holds 0.13% in PPG Industries, Inc. (NYSE:PPG) or 111,090 shares. Nuveen Asset Ltd Liability Corporation holds 1.16 million shares. Whalerock Point Ltd Liability Corp holds 6,895 shares or 0.46% of its portfolio. 10,363 were accumulated by Schroder Investment Mngmt Group Inc. Private Wealth stated it has 4,267 shares or 0.18% of all its holdings.

State Street Corp decreased its stake in Ppg Inds Inc (PPG) by 1.23% based on its latest 2019Q2 regulatory filing with the SEC. State Street Corp sold 143,867 shares as the company’s stock rose 1.66% . The institutional investor held 11.56M shares of the basic industries company at the end of 2019Q2, valued at $1.35 billion, down from 11.70M at the end of the previous reported quarter. State Street Corp who had been investing in Ppg Inds Inc for a number of months, seems to be less bullish one the $28.22 billion market cap company. The stock increased 1.02% or $1.21 during the last trading session, reaching $119.42. About 562,395 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 6.97% since September 13, 2018 and is uptrending. It has outperformed by 6.97% the S&P500.

State Street Corp, which manages about $1341.15 billion US Long portfolio, upped its stake in Moog Inc (NYSE:MOG.A) by 92,914 shares to 1.36 million shares, valued at $127.56M in 2019Q2, according to the filing. It also increased its holding in Chipotle Mexican Grill Inc (NYSE:CMG) by 46,875 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Alcoa Corp.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on October, 17. They expect $1.62 EPS, up 11.72 % or $0.17 from last year’s $1.45 per share. PPG’s profit will be $382.79M for 18.43 P/E if the $1.62 EPS becomes a reality. After $1.85 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -12.43 % negative EPS growth.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Seekingalpha.com which released: “Trian Fund bought an activist stake in Legg Mason in 2Q19, reduced stake in PPG Industries – Seeking Alpha” on August 21, 2019, also Seekingalpha.com with their article: “PPG completes acquisition of Dexmet – Seeking Alpha” published on August 15, 2019, Businesswire.com published: “PPG Selected for DOE Partnership to Speed Development, Testing of Adhesives for Lightweight Vehicles – Business Wire” on September 05, 2019. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Finance.Yahoo.com and their article: “PPG Foundation Invests $160,000 in Next-Generation Workforce – Yahoo Finance” published on August 22, 2019 as well as Business.Financialpost.com‘s news article titled: “PPG Completes COLORFUL COMMUNITIES Project at Tom Donovan Arena in New Brunswick, Canada – Financial Post” with publication date: September 05, 2019.

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

Among 5 analysts covering PPG Industries (NYSE:PPG), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. PPG Industries has $13300 highest and $106 lowest target. $117.50’s average target is -1.61% below currents $119.42 stock price. PPG Industries had 13 analyst reports since March 16, 2019 according to SRatingsIntel. J.P. Morgan downgraded PPG Industries, Inc. (NYSE:PPG) rating on Friday, March 22. J.P. Morgan has “Sell” rating and $106 target. Buckingham Research maintained PPG Industries, Inc. (NYSE:PPG) on Monday, April 22 with “Neutral” rating. Citigroup maintained PPG Industries, Inc. (NYSE:PPG) rating on Monday, September 9. Citigroup has “Buy” rating and $13300 target. The firm earned “Underweight” rating on Friday, March 22 by JP Morgan. KeyBanc Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Friday, April 12 with “Overweight” rating.

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

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