Torray Lowered Blackrock (BLK) Position By $2.97 Million; 13 Analysts Are Bullish PPG Industries, Inc. (PPG) Last Week

February 21, 2018 - By Hazel Jackson

Torray Llc decreased Blackrock (BLK) stake by 14.77% reported in 2017Q3 SEC filing. Torray Llc sold 6,647 shares as Blackrock (BLK)’s stock rose 1.17%. The Torray Llc holds 38,359 shares with $17.15M value, down from 45,006 last quarter. Blackrock now has $89.23B valuation. The stock increased 1.89% or $10.25 during the last trading session, reaching $552.85. About 242,005 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since February 21, 2017 and is uptrending. It has underperformed by 4.51% the S&P500.

Among 25 analysts covering PPG Industries (NYSE:PPG), 13 have Buy rating, 0 Sell and 12 Hold. Therefore 52% are positive. PPG Industries had 68 analyst reports since September 6, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of PPG in report on Thursday, December 21 with “Buy” rating. Jefferies maintained the shares of PPG in report on Friday, September 15 with “Buy” rating. The company was downgraded on Friday, May 6 by CLSA. Credit Suisse reinitiated PPG Industries, Inc. (NYSE:PPG) rating on Tuesday, March 22. Credit Suisse has “Outperform” rating and $115 target. The firm has “Neutral” rating given on Tuesday, January 17 by Susquehanna. As per Tuesday, August 22, the company rating was maintained by KeyBanc Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) has “Hold” rating given on Monday, January 8 by Susquehanna. On Monday, April 18 the stock rating was maintained by Citigroup with “Buy”. As per Friday, October 20, the company rating was maintained by SunTrust. The stock has “Hold” rating by J.P. Morgan on Friday, January 19. See PPG Industries, Inc. (NYSE:PPG) latest ratings:

23/01/2018 Broker: Seaport Global Rating: Buy New Target: $130.0 Maintain
24/01/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $128 New Target: $125 Maintain
19/01/2018 Broker: Barclays Capital Rating: Hold New Target: $125.0
19/01/2018 Broker: Northcoast Rating: Buy New Target: $128.0 Maintain
19/01/2018 Broker: SunTrust Rating: Hold New Target: $120.0 Maintain
19/01/2018 Broker: J.P. Morgan Rating: Hold New Target: $120.0 Downgrade
19/01/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
17/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $115.0 Maintain
17/01/2018 Broker: Atlantic Securities Old Rating: Overweight New Rating: Neutral Downgrade
08/01/2018 Broker: Susquehanna Rating: Hold New Target: $135.0 Maintain

Investors sentiment increased to 1.38 in 2017 Q3. Its up 0.10, from 1.28 in 2017Q2. It is positive, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. 130.57 million shares or 0.55% more from 129.86 million shares in 2017Q2 were reported. Citadel Limited Liability Company holds 164,539 shares. Howard Mngmt has invested 1.95% of its portfolio in BlackRock, Inc. (NYSE:BLK). Bradley Foster And Sargent Ct owns 1,342 shares for 0.02% of their portfolio. Engineers Gate Manager LP has 0.12% invested in BlackRock, Inc. (NYSE:BLK) for 3,222 shares. Weatherly Asset Lp has 3,224 shares. Jane Street Gru Limited Liability Corp holds 0% or 1,453 shares. Mitchell Cap Mngmt Communications accumulated 460 shares. Roberts Glore And Com Il invested in 689 shares. Jolley Asset Mngmt Limited Liability Company has 0.14% invested in BlackRock, Inc. (NYSE:BLK). Blackrock invested in 6.95M shares. Neuberger Berman Grp Ltd Liability Co has invested 0.3% in BlackRock, Inc. (NYSE:BLK). Ftb invested in 740 shares. Braun Stacey holds 1.14% or 37,380 shares in its portfolio. Cypress Capital Group Inc has invested 1.09% in BlackRock, Inc. (NYSE:BLK). Andra Ap owns 12,200 shares for 0.13% of their portfolio.

Torray Llc increased General Motors (NYSE:GM) stake by 23,081 shares to 442,091 valued at $17.85M in 2017Q3. It also upped Incyte (NASDAQ:INCY) stake by 4,389 shares and now owns 144,412 shares. O’reilly Automotive (NASDAQ:ORLY) was raised too.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on April, 18. They expect $6.47 earnings per share, up 23.24% or $1.22 from last year’s $5.25 per share. BLK’s profit will be $1.04B for 21.36 P/E if the $6.47 EPS becomes a reality. After $6.24 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 3.69% EPS growth.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 82 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, December 1 by Argus Research. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Thursday, June 16 with “Buy” rating. The firm has “Hold” rating given on Wednesday, January 10 by Jefferies. On Wednesday, August 24 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was maintained on Tuesday, April 12 by Credit Suisse. The firm has “Hold” rating by Jefferies given on Monday, September 25. The rating was maintained by Wells Fargo on Tuesday, January 16 with “Hold”. On Friday, August 5 the stock rating was maintained by Deutsche Bank with “Buy”. Wood maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, September 3. Wood has “Outperform” rating and $360 target. The stock of BlackRock, Inc. (NYSE:BLK) has “Equal-Weight” rating given on Tuesday, April 5 by Barclays Capital.

The stock increased 1.54% or $1.78 during the last trading session, reaching $117.18. About 431,466 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since February 21, 2017 and is uptrending. It has underperformed by 15.67% the S&P500.

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By1 Hazel Jackson

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