Gillespie Robinson & Grimm INC Boosted Stake in Ppg Industries INC (PPG) by $5.12 Million as Market Value Declined

May 20, 2018 - By Hazel Jackson

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 1 in Q4 2017. Its down 0.14, from 1.14 in 2017Q3. It fall, as 37 investors sold PPG shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported. Oregon-based Orca Invest Management Limited Company has invested 0.44% in PPG Industries, Inc. (NYSE:PPG). Kentucky Retirement accumulated 0.13% or 15,693 shares. Reliance Of Delaware holds 0.21% or 11,805 shares in its portfolio. 44,700 were accumulated by Virginia Retirement Et Al. Andra Ap holds 0.07% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 25,800 shares. Glaxis Capital Ltd Limited Liability Company holds 0.33% or 2,000 shares in its portfolio. Summit Asset Mgmt stated it has 0.53% in PPG Industries, Inc. (NYSE:PPG). Johnson Fincl Grp reported 747 shares stake. Intrust Bank & Trust Na invested in 4,039 shares or 0.14% of the stock. Silvercrest Asset Mgmt Group Inc Limited Company holds 0.08% or 69,866 shares. Argent Trust invested 0.1% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Comm Comml Bank reported 0.04% stake. Leisure Capital Mngmt invested in 1.71% or 17,614 shares. Community Comml Bank Na reported 2,952 shares. 53,942 were reported by Glenmede Tru Na.

Since February 22, 2018, it had 0 insider purchases, and 1 insider sale for $1.10 million activity.

Gillespie Robinson & Grimm Inc increased its stake in Ppg Industries Inc (PPG) by 27.75% based on its latest 2017Q4 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc bought 44,165 shares as the company’s stock declined 3.68% with the market. The institutional investor held 203,305 shares of the basic industries company at the end of 2017Q4, valued at $23.75 million, up from 159,140 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Ppg Industries Inc for a number of months, seems to be bullish on the $26.17 billion market cap company. The stock increased 0.52% or $0.54 during the last trading session, reaching $104.95. About 2.83 million shares traded or 43.70% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 20, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Businesswire.com which released: “Bragar Eagel & Squire, PC is Investigating PPG Industries, Inc. (PPG) on Behalf of Stockholders and Encourages …” on May 15, 2018, also Seekingalpha.com with their article: “PPG Industries fires controller following probe into accounting procedures” published on May 10, 2018, Businesswire.com published: “Glancy Prongay & Murray LLP Announces Investigation on Behalf of PPG Industries, Inc. Investors (PPG)” on May 11, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Prnewswire.com and their article: “Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting” published on May 14, 2018 as well as Bizjournals.com‘s news article titled: “PPG fires controller, continues internal probe of accounting errors” with publication date: May 11, 2018.

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

Among 17 analysts covering PPG Industries (NYSE:PPG), 7 have Buy rating, 0 Sell and 10 Hold. Therefore 41% are positive. PPG Industries has $139 highest and $11500 lowest target. $123’s average target is 17.20% above currents $104.95 stock price. PPG Industries had 27 analyst reports since November 28, 2017 according to SRatingsIntel. On Tuesday, March 20 the stock rating was upgraded by Deutsche Bank to “Buy”. The rating was upgraded by J.P. Morgan on Wednesday, April 25 to “Buy”. As per Monday, April 23, the company rating was maintained by RBC Capital Markets. Susquehanna maintained PPG Industries, Inc. (NYSE:PPG) rating on Monday, January 8. Susquehanna has “Hold” rating and $135.0 target. The stock of PPG Industries, Inc. (NYSE:PPG) has “Hold” rating given on Friday, January 19 by SunTrust. On Wednesday, January 17 the stock rating was downgraded by Atlantic Securities to “Neutral”. Robert W. Baird maintained PPG Industries, Inc. (NYSE:PPG) on Friday, April 20 with “Buy” rating. The company was maintained on Wednesday, January 24 by Citigroup. Robert W. Baird maintained it with “Buy” rating and $130.0 target in Thursday, December 21 report. The stock of PPG Industries, Inc. (NYSE:PPG) has “Buy” rating given on Tuesday, January 2 by Jefferies.

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

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