PPG Industries (PPG) : Columbus Circle Investors reduced its stake in PPG Industries by 3.7% during the most recent quarter end. The investment management company now holds a total of 2,524,990 shares of PPG Industries which is valued at $273,481,667 after selling 97,109 shares in PPG Industries , the firm said in a disclosure report filed with the SEC on May 3, 2016.PPG Industries makes up approximately 2.49% of Columbus Circle Investors’s portfolio.
Other Hedge Funds, Including , Bryn Mawr Trust Co reduced its stake in PPG by selling 284 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 9,040 shares of PPG which is valued at $979,122. PPG Industries makes up approx 0.06% of Bryn Mawr Trust Co’s portfolio.Aperio Group boosted its stake in PPG in the latest quarter, The investment management firm added 9,961 additional shares and now holds a total of 124,027 shares of PPG Industries which is valued at $13,691,341. PPG Industries makes up approx 0.12% of Aperio Group’s portfolio. Washington Trust Bank sold out all of its stake in PPG during the most recent quarter. The investment firm sold 70 shares of PPG which is valued $7,727.James Investment Research Inc boosted its stake in PPG in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 22,031 shares of PPG Industries which is valued at $2,432,002. PPG Industries makes up approx 0.06% of James Investment Research Inc’s portfolio.Raymond James Trust N.a. boosted its stake in PPG in the latest quarter, The investment management firm added 899 additional shares and now holds a total of 18,285 shares of PPG Industries which is valued at $2,069,679. PPG Industries makes up approx 0.18% of Raymond James Trust N.a.’s portfolio.
PPG Industries opened for trading at $107.8 and hit $108.825 on the upside on Tuesday, eventually ending the session at $108.73, with a gain of 1.20% or 1.29 points. The heightened volatility saw the trading volume jump to 8,17,535 shares. Company has a market cap of $28,929 M.
On the company’s financial health, PPG Industries reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.30. The company had revenue of $3672.00 million for the quarter, compared to analysts expectations of $3675.02 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS.
Many Wall Street Analysts have commented on PPG Industries. PPG Industries was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016.
PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.