Btim Corp Has Trimmed Its Holding in Ppg Industries (PPG) as Market Value Rose

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment increased to 0.87 in 2018 Q4. Its up 0.10, from 0.77 in 2018Q3. It is positive, 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. Ameritas Prtn holds 0.06% or 10,251 shares in its portfolio. Moody State Bank Tru Division invested in 0.03% or 10,983 shares. Janney Montgomery Scott Ltd Llc accumulated 126,124 shares or 0.12% of the stock. Riverhead Mngmt Limited Liability Corp reported 0.03% stake. Commonwealth State Bank Of Aus holds 0.03% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 26,907 shares. Van Hulzen Asset Lc reported 3,700 shares. Davy Asset Mgmt holds 0.41% or 11,003 shares. 235,715 are held by Hsbc Holdings Public Ltd Company. Oppenheimer Asset Management Incorporated holds 18,715 shares or 0.05% of its portfolio. Wetherby Asset Management, a California-based fund reported 4,655 shares. Wells Fargo And Communication Mn invested in 0.11% or 3.33M shares. Bnp Paribas Arbitrage Sa accumulated 78,488 shares. 1St Source State Bank reported 0.04% in PPG Industries, Inc. (NYSE:PPG). Heritage Wealth Advsrs owns 0% invested in PPG Industries, Inc. (NYSE:PPG) for 204 shares. Whitnell & reported 0% stake.

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 $26.87B 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 State Street Corp (NYSE:STT) by 50,025 shares to 586,840 shares, valued at $37.01M in 2018Q4, according to the filing. It also increased its holding in Washington Trust Bancorp (NASDAQ:WASH) by 86,276 shares in the quarter, for a total of 212,440 shares, and has risen its stake in Highwoods Properties Inc (NYSE:HIW).

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 18. They expect $1.84 earnings per share, 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 earnings per share 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: Seekingalpha.com which released: “PPG Is A Great Company, But The Stock Is Expensive – Seeking Alpha” on February 22, 2019, also Bizjournals.com with their article: “PPG acquired this global coatings manufacturer – Pittsburgh Business Times” published on April 17, 2019, Seekingalpha.com published: “PPG Q1 2019 Earnings Preview – Seeking Alpha” on April 17, 2019. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Bizjournals.com and their article: “PPG offers stats on its environmental impact – Pittsburgh Business Times” published on April 24, 2019 as well as Seekingalpha.com‘s news article titled: “PPG Industries Should Stop Overspending On Shareholder Rewards – Seeking Alpha” with publication date: April 13, 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. The stock has “Underweight” rating by JP Morgan on Friday, March 22. The company was downgraded on Friday, January 18 by JP Morgan. RBC Capital Markets upgraded the shares of PPG in report on Thursday, December 20 to “Outperform” rating. The stock has “Neutral” rating by Buckingham Research on Monday, April 22. The rating was downgraded by J.P. Morgan on Friday, March 22 to “Sell”. The firm earned “Buy” rating on Thursday, November 29 by Citigroup. KeyBanc Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Friday, April 12 with “Overweight” rating.

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

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