Gallagher Fiduciary Advisors LLC Has Decreased Its Stake in Ppg Industries INC (PPG) as Market Valuation Rose

September 17, 2017 - By test

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.06, from 0.93 in 2016Q3. It dived, as 64 investors sold PPG shares while 263 reduced holdings. 75 funds opened positions while 211 raised stakes. 178.58 million shares or 3.59% less from 185.23 million shares in 2016Q3 were reported. Brown Advisory Secs Ltd reported 2,245 shares or 0.06% of all its holdings. Jpmorgan Chase accumulated 3.74 million shares or 0.09% of the stock. Pictet Asset Mngmt Limited owns 216,254 shares or 0.08% of their US portfolio. Glenmede Com Na holds 0.02% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 46,956 shares. Amp Cap Investors reported 0.07% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Cliftonlarsonallen Wealth Advisors Lc reported 15,048 shares. Supplemental Annuity Collective Trust Of Nj reported 6,634 shares. Moreover, Winslow Evans And Crocker Inc has 0% invested in PPG Industries, Inc. (NYSE:PPG). Amica Pension Fund Board Of Trustees holds 12,572 shares or 0.14% of its portfolio. Ibm Retirement Fund reported 0.11% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Goldman Sachs Gp owns 552,287 shares or 0.01% of their US portfolio. 188,710 were reported by Td Asset. Gam Ag reported 37,148 shares or 0.06% of all its holdings. Barclays Public Ltd Liability Corporation reported 80,595 shares. Fort Washington Inv Advsr Oh reported 5,640 shares.

Gallagher Fiduciary Advisors Llc decreased its stake in Ppg Industries Inc. (PPG) by 37.31% based on its latest 2016Q4 regulatory filing with the SEC. Gallagher Fiduciary Advisors Llc sold 330,000 shares as the company’s stock rose 4.26% with the market. The institutional investor held 554,390 shares of the basic industries company at the end of 2016Q4, valued at $52.53 million, down from 884,390 at the end of the previous reported quarter. Gallagher Fiduciary Advisors Llc who had been investing in Ppg Industries Inc. for a number of months, seems to be less bullish one the $27.26 billion market cap company. The stock decreased 0.17% or $0.18 on September 15, reaching $106.3. About 1.86 million shares traded or 50.00% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since September 17, 2016 and is uptrending. It has underperformed by 15.67% the S&P500.

Wall Street await PPG Industries, Inc. (NYSE:PPG) to release earnings on October, 19. Analysts forecast EPS of $1.62, up exactly $0.06 or 3.85 % from 2014’s $1.56 EPS. The expected PPG’s profit could reach $415.44 million giving the stock 16.40 P/E in the case that $1.62 earnings per share is reported. After posting $1.83 EPS for the previous quarter, PPG Industries, Inc.’s analysts now forecast -11.48 % negative EPS growth.

More recent PPG Industries, Inc. (NYSE:PPG) news were published by: Zacks.com which released: “PPG Industries Closes Remaining Fiberglass Operations Sale” on September 06, 2017. Also Seekingalpha.com published the news titled: “Can PPG Get Back To Growth?” on August 23, 2017. Latimes.com‘s news article titled: “PPG completes sale of its fiberglass business” with publication date: September 05, 2017 was also an interesting one.

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

Among 20 analysts covering PPG Industries (NYSE:PPG), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. PPG Industries has $131 highest and $100 lowest target. $117.08’s average target is 10.14% above currents $106.3 stock price. PPG Industries had 40 analyst reports since September 6, 2015 according to SRatingsIntel. The stock of PPG Industries, Inc. (NYSE:PPG) has “Outperform” rating given on Monday, July 17 by Credit Suisse. The firm has “Buy” rating by Seaport Global given on Tuesday, July 26. The firm has “Buy” rating by Argus Research given on Wednesday, July 5. The company was maintained on Monday, May 29 by Jefferies. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, September 8 report. The rating was maintained by RBC Capital Markets on Monday, September 11 with “Hold”. As per Friday, May 6, the company rating was downgraded by CLSA. RBC Capital Markets maintained it with “Hold” rating and $10900 target in Monday, July 3 report. The rating was downgraded by Goldman Sachs on Friday, October 21 to “Neutral”. As per Tuesday, July 4, the company rating was maintained by Jefferies.

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