Baring Asset Management Ltd buys $22,656,775 stake in PPG Industries (PPG)

PPG Industries (PPG) : Baring Asset Management Ltd scooped up 29,495 additional shares in PPG Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 205,243 shares of PPG Industries which is valued at $22,656,775.PPG Industries makes up approximately 1.87% of Baring Asset Management Ltd’s portfolio.

PPG Industries opened for trading at $110.18 and hit $111.25 on the upside on Monday, eventually ending the session at $111.24, with a gain of 0.77% or 0.85 points. The heightened volatility saw the trading volume jump to 13,90,051 shares. Company has a market cap of $29,597 M.

Other Hedge Funds, Including , Burt Wealth Advisors added PPG to its portfolio by purchasing 555 company shares during the most recent quarter which is valued at $61,266. PPG Industries makes up approx 0.06% of Burt Wealth Advisors’s portfolio.Boston Advisors reduced its stake in PPG by selling 3 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 3,200 shares of PPG which is valued at $362,208. PPG Industries makes up approx 0.01% of Boston Advisors’s portfolio.Capstone Asset Management Co boosted its stake in PPG in the latest quarter, The investment management firm added 54 additional shares and now holds a total of 28,722 shares of PPG Industries which is valued at $3,313,083. PPG Industries makes up approx 0.09% of Capstone Asset Management Co’s portfolio.

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.

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