As Ppg Industries (PPG) Stock Price Rose, Shareholder Btim Corp Has Decreased Stake

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment increased to 0.87 in Q4 2018. Its up 0.10, from 0.77 in 2018Q3. It improved, as 60 investors sold PPG shares while 225 reduced holdings. 75 funds opened positions while 173 raised stakes. 187.13 million shares or 2.70% more from 182.20 million shares in 2018Q3 were reported. Thrivent Fincl For Lutherans owns 10,898 shares. Paradigm Asset Co Ltd Limited Liability Company invested 0% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Wells Fargo And Mn has invested 0.11% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Cap World reported 2.55 million shares or 0.07% of all its holdings. Kentucky Retirement Insur Trust Fund owns 4,745 shares. The California-based Charles Schwab Investment Advisory has invested 0.41% in PPG Industries, Inc. (NYSE:PPG). S R Schill And Associates, Washington-based fund reported 5,098 shares. 5,901 are owned by Liberty Cap Management Inc. Ancora Advsrs holds 0.04% in PPG Industries, Inc. (NYSE:PPG) or 8,630 shares. Roundview Capital Ltd Com reported 2,422 shares. Manufacturers Life The has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). 1.89 million were reported by Fiduciary Mgmt Wi. Bragg Financial accumulated 2,575 shares. Boston Private Wealth Llc holds 0.29% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 66,732 shares. Price T Rowe Assoc Md stated it has 3.54 million shares or 0.06% of all its holdings.

Btim Corp decreased its stake in Ppg Industries (PPG) by 20.84% based on its latest 2018Q4 regulatory filing with the SEC. Btim Corp sold 99,225 shares as the company’s stock rose 3.46% with the market. The institutional investor held 376,895 shares of the basic industries company at the end of 2018Q4, valued at $38.53 million, down from 476,120 at the end of the previous reported quarter. Btim Corp who had been investing in Ppg Industries for a number of months, seems to be less bullish one the $26.87 billion market cap company. The stock decreased 0.57% or $0.65 during the last trading session, reaching $113.81. About 359,221 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 0.23% since May 8, 2018 and is uptrending. It has underperformed by 4.14% the S&P500.

Btim Corp, which manages about $6.29B US Long portfolio, upped its stake in Washington Trust Bancorp (NASDAQ:WASH) by 86,276 shares to 212,440 shares, valued at $10.10M in 2018Q4, according to the filing. It also increased its holding in Hill Rom Hldgs Inc Com (NYSE:HRC) by 49,743 shares in the quarter, for a total of 199,380 shares, and has risen its stake in American Campus Communities (NYSE:ACC).

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 18. They expect $1.84 EPS, down 3.16 % or $0.06 from last year’s $1.9 per share. PPG’s profit will be $434.35M for 15.46 P/E if the $1.84 EPS becomes a reality. After $1.38 actual EPS reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bizjournals.com which released: “PPG acquired this global coatings manufacturer – Pittsburgh Business Times” on April 17, 2019, also Bizjournals.com with their article: “PPG names new chief digital officer – Pittsburgh Business Times” published on April 08, 2019, Benzinga.com published: “11 Stocks To Watch For April 18, 2019 – Benzinga” on April 18, 2019. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Benzinga.com and their article: “Earnings Scheduled For April 18, 2019 – Benzinga” published on April 18, 2019 as well as Seekingalpha.com‘s news article titled: “PPG Is A Great Company, But The Stock Is Expensive – Seeking Alpha” with publication date: February 22, 2019.

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

Among 6 analysts covering PPG Industries (NYSE:PPG), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. PPG Industries had 12 analyst reports since November 29, 2018 according to SRatingsIntel. As per Friday, January 18, the company rating was downgraded by JP Morgan. The stock has “Sell” rating by J.P. Morgan on Friday, March 22. The stock has “Underweight” rating by JP Morgan on Friday, March 22. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Monday, April 22 by Buckingham Research. The rating was maintained by KeyBanc Capital Markets on Friday, April 12 with “Overweight”. The firm has “Buy” rating given on Thursday, November 29 by Citigroup. RBC Capital Markets upgraded PPG Industries, Inc. (NYSE:PPG) on Thursday, December 20 to “Outperform” rating.

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

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