Thomaspartners INC Holds Stake in Ppg Inds INC (PPG)

February 13, 2018 - By Maria Brooks

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.34, from 0.8 in 2017Q2. It increased, as 44 investors sold PPG shares while 213 reduced holdings. 73 funds opened positions while 219 raised stakes. 186.32 million shares or 0.58% more from 185.24 million shares in 2017Q2 were reported. Ibm Retirement Fund invested 0.14% in PPG Industries, Inc. (NYSE:PPG). Retail Bank Of Stockton has 13,683 shares for 0.68% of their portfolio. Amica Pension Fund Board Of Trustees reported 0.12% in PPG Industries, Inc. (NYSE:PPG). Parametric Portfolio Assocs Ltd Liability Co has invested 0.08% in PPG Industries, Inc. (NYSE:PPG). Financial Bank Of Nova Scotia accumulated 44,540 shares or 0.03% of the stock. Boston Research invested in 0.21% or 3,700 shares. Chemical Commercial Bank holds 6,505 shares. Ameriprise Fincl owns 1.06 million shares. Cedar Hill Assoc invested in 0.06% or 3,349 shares. Segall Bryant & Hamill Lc has invested 0.01% in PPG Industries, Inc. (NYSE:PPG). Novare Capital Limited Liability Corporation stated it has 47,449 shares. First Manhattan Company reported 0.34% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Principal Fin Gp reported 941,604 shares or 0.1% of all its holdings. Shelton Mgmt accumulated 53,202 shares. Raymond James And Assocs invested in 0.08% or 352,607 shares.

Since August 18, 2017, it had 0 insider purchases, and 1 insider sale for $1.91 million activity.

Thomaspartners Inc increased its stake in Ppg Inds Inc (PPG) by 2.6% based on its latest 2017Q3 regulatory filing with the SEC. Thomaspartners Inc bought 75,470 shares as the company’s stock rose 4.26% with the market. The institutional investor held 2.97 million shares of the basic industries company at the end of 2017Q3, valued at $323.18M, up from 2.90M 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 $28.81 billion market cap company. The stock decreased 0.68% or $0.77 during the last trading session, reaching $113.21. About 347,052 shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 1.03% since February 13, 2017 and is uptrending. It has underperformed by 15.67% the S&P500.

Thomaspartners Inc, which manages about $4.24B and $12.50B US Long portfolio, decreased its stake in Ishares Tr (CSJ) by 1.49M shares to 824,576 shares, valued at $86.87 million in 2017Q3, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 2.21 million shares in the quarter, leaving it with 25,652 shares, and cut its stake in Abbott Labs (NYSE:ABT).

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Nasdaq.com which released: “What’s in the Cards for PPG Industries (PPG) in Q4 Earnings?” on January 16, 2018, also Zacks.com with their article: “PPG Industries (PPG) Poised on Acquisitions, Cost Reductions” published on January 26, 2018, Seekingalpha.com published: “PPG Industries’ (PPG) CEO Michael McGarry on Q4 2017 Results – Earnings Call …” on January 19, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Nasdaq.com and their article: “PPG Industries (PPG) Beats Q4 Earnings & Sales Estimates” published on January 18, 2018 as well as Benzinga.com‘s news article titled: “After Earnings Beat, PPG Is Primed For A Technical Breakout” with publication date: January 24, 2018.

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

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. On Tuesday, January 5 the stock rating was initiated by Seaport Global Securities with “Accumulate”. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by RBC Capital Markets on Tuesday, October 17. The firm has “Buy” rating given on Tuesday, July 26 by Seaport Global. The stock of PPG Industries, Inc. (NYSE:PPG) has “Buy” rating given on Monday, May 29 by Jefferies. As per Monday, September 25, the company rating was maintained by KeyBanc Capital Markets. The stock of PPG Industries, Inc. (NYSE:PPG) has “Outperform” rating given on Monday, July 17 by Credit Suisse. The firm has “Hold” rating given on Tuesday, September 26 by Credit Suisse. JP Morgan downgraded PPG Industries, Inc. (NYSE:PPG) on Friday, January 19 to “Neutral” rating. The rating was downgraded by Bank of America to “Neutral” on Monday, July 24. Robert W. Baird maintained the shares of PPG in report on Thursday, December 21 with “Buy” rating.

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