As Ppg Inds INC (PPG) Market Valuation Declined, Thomaspartners INC Raised Its Position by $8.15 Million

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.77 in 2018 Q3. Its down 0.04, from 0.81 in 2018Q2. It is negative, as 46 investors sold PPG shares while 258 reduced holdings. 75 funds opened positions while 158 raised stakes. 182.20 million shares or 0.66% more from 181.01 million shares in 2018Q2 were reported. 284,142 are held by Prudential Financial Incorporated. Reaves W H stated it has 0.02% in PPG Industries, Inc. (NYSE:PPG). Bryn Mawr Trust invested in 4,624 shares. Moreover, Martingale Asset Lp has 0.17% invested in PPG Industries, Inc. (NYSE:PPG). S R Schill & Assoc accumulated 5,098 shares or 0.34% of the stock. Bailard has invested 0.07% in PPG Industries, Inc. (NYSE:PPG). Aull & Monroe Investment Management owns 4,668 shares. Germany-based Commerzbank Aktiengesellschaft Fi has invested 0% in PPG Industries, Inc. (NYSE:PPG). Great Lakes Advsr Limited Liability Co invested in 0.02% or 8,884 shares. Arrow invested in 0.01% or 476 shares. Deutsche National Bank Ag invested 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Brown Advisory Securities Limited Company has invested 0.06% in PPG Industries, Inc. (NYSE:PPG). Fmr Limited Liability Corporation reported 0% in PPG Industries, Inc. (NYSE:PPG). Rhumbline Advisers reported 445,715 shares. Japan-based Meiji Yasuda Asset Mgmt Limited has invested 0.04% in PPG Industries, Inc. (NYSE:PPG).

Thomaspartners Inc increased its stake in Ppg Inds Inc (PPG) by 2.6% based on its latest 2018Q3 regulatory filing with the SEC. Thomaspartners Inc bought 75,470 shares as the company’s stock declined 7.70% with the market. The institutional investor held 2.97 million shares of the basic industries company at the end of 2018Q3, valued at $323.18M, up from 2.90 million at the end of the previous reported quarter. Thomaspartners Inc who had been investing in Ppg Inds Inc for a number of months, seems to be bullish on the $24.42 billion market cap company. The stock decreased 0.05% or $0.05 during the last trading session, reaching $101.81. About 270,284 shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 10.89% since January 14, 2018 and is downtrending. It has underperformed by 10.89% the S&P500.

Thomaspartners Inc, which manages about $4.24B and $12.50B US Long portfolio, decreased its stake in Abbott Labs (NYSE:ABT) by 373,880 shares to 4.52 million shares, valued at $241.04M in 2018Q3, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 2.21M shares in the quarter, leaving it with 25,652 shares, and cut its stake in Ishares Tr (CSJ).

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For December 20, 2018 – Benzinga” on December 20, 2018, also Seekingalpha.com with their article: “PPG upgraded to Buy at Citi, helped by lower oil prices – Seeking Alpha” published on November 29, 2018, Seekingalpha.com published: “Dividend Champion Spotlight: PPG Industries, Inc. – Seeking Alpha” on September 30, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Seekingalpha.com and their article: “PPG Industries -9% after issuing downside Q3 earnings, revenue guidance – Seeking Alpha” published on October 08, 2018 as well as Seekingalpha.com‘s news article titled: “PPG: I Will Pass Despite Its Attractive Valuation – Seeking Alpha” with publication date: October 15, 2018.

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

Among 8 analysts covering PPG Industries (NYSE:PPG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. PPG Industries had 14 analyst reports since July 20, 2018 according to SRatingsIntel. On Friday, October 12 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Credit Suisse maintained the stock with “Neutral” rating in Tuesday, October 9 report. The rating was maintained by Credit Suisse with “Outperform” on Friday, July 20. On Thursday, November 29 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Outperform” rating on Thursday, December 20 by RBC Capital Markets. The firm has “Buy” rating by Deutsche Bank given on Thursday, November 1. The rating was upgraded by Goldman Sachs on Wednesday, July 25 to “Buy”. The firm earned “Neutral” rating on Thursday, October 11 by Citigroup. The company was maintained on Tuesday, October 9 by Deutsche Bank. JP Morgan upgraded the stock to “Overweight” rating in Friday, October 19 report.

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

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