Bank Of Stockton Lowers stake in PPG Industries (PPG)

PPG Industries (PPG) : Bank Of Stockton reduced its stake in PPG Industries by 1.7% during the most recent quarter end. The investment management company now holds a total of 14,642 shares of PPG Industries which is valued at $1,556,737 after selling 253 shares in PPG Industries , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.PPG Industries makes up approximately 0.82% of Bank Of Stockton’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in PPG in the latest quarter, The investment management firm added 3,919 additional shares and now holds a total of 68,870 shares of PPG Industries which is valued at $7,322,258. PPG Industries makes up approx 0.15% of Exxonmobil Investment Management Inc Tx’s portfolio.Raymond James Trust N.a. reduced its stake in PPG by selling 78 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 18,207 shares of PPG which is valued at $1,935,768. PPG Industries makes up approx 0.16% of Raymond James Trust N.a.’s portfolio.West Oak Capital reduced its stake in PPG by selling 100 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 4,127 shares of PPG which is valued at $438,783. PPG Industries makes up approx 0.31% of West Oak Capital’s portfolio.

PPG Industries opened for trading at $109.1 and hit $109.55 on the upside on Wednesday, eventually ending the session at $109.47, with a gain of 0.71% or 0.77 points. The heightened volatility saw the trading volume jump to 12,38,503 shares. Company has a market cap of $29,126 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 Upgraded by Longbow to ” Buy” on Jun 23, 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.

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