Nordea Investment Management Ab Has Trimmed Its Position in Ppg Industries (PPG) by $23.94 Million as Stock Value Rose

October 13, 2018 - By Darrin Black

PPG Industries, Inc. (NYSE:PPG) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.17, from 0.98 in 2018Q1. It turned negative, as 56 investors sold PPG shares while 250 reduced holdings. 69 funds opened positions while 179 raised stakes. 181.01 million shares or 1.16% less from 183.14 million shares in 2018Q1 were reported. First Natl Bank And Trust Company Of Newtown has invested 0.11% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Motco holds 45,295 shares or 0.48% of its portfolio. Marathon Asset Mgmt Ltd Liability Partnership holds 0.95% or 613,801 shares in its portfolio. Cornerstone Advsr Incorporated owns 2,122 shares for 0.15% of their portfolio. 4,696 are held by Kentucky Retirement System Insurance Trust Fund. 1,404 were reported by Amica Retiree. 64 were reported by Csat Advisory Lp. Point72 Asset Lp, a Connecticut-based fund reported 48,400 shares. Wells Fargo And Mn stated it has 0.1% in PPG Industries, Inc. (NYSE:PPG). Jump Trading Ltd Liability Company holds 2,205 shares or 0.02% of its portfolio. Conning, a Connecticut-based fund reported 14,682 shares. Alphamark Ltd accumulated 0.01% or 200 shares. Alabama-based Oakworth Capital has invested 0% in PPG Industries, Inc. (NYSE:PPG). Bryn Mawr Tru Co holds 0.03% or 4,593 shares in its portfolio. Nuveen Asset Limited Liability Company holds 0% or 6,514 shares.

Nordea Investment Management Ab decreased its stake in Ppg Industries (PPG) by 11.34% based on its latest 2018Q2 regulatory filing with the SEC. Nordea Investment Management Ab sold 232,439 shares as the company’s stock rose 8.45% with the market. The institutional investor held 1.82M shares of the basic industries company at the end of 2018Q2, valued at $188.57 million, down from 2.05M at the end of the previous reported quarter. Nordea Investment Management Ab who had been investing in Ppg Industries for a number of months, seems to be less bullish one the $23.01B market cap company. The stock decreased 1.34% or $1.29 during the last trading session, reaching $95.09. About 2.45 million shares traded or 49.35% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 5.01% since October 13, 2017 and is uptrending. It has underperformed by 10.61% the S&P500.

Nordea Investment Management Ab, which manages about $41.67 billion US Long portfolio, upped its stake in Paychex (NASDAQ:PAYX) by 760,252 shares to 796,804 shares, valued at $54.46 million in 2018Q2, according to the filing. It also increased its holding in American International Group (NYSE:AIG) by 60,352 shares in the quarter, for a total of 417,128 shares, and has risen its stake in Coca (NYSE:KO).

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on October, 18. They expect $1.59 earnings per share, up 4.61 % or $0.07 from last year’s $1.52 per share. PPG’s profit will be $384.80 million for 14.95 P/E if the $1.59 EPS becomes a reality. After $1.90 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -16.32 % negative EPS growth.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bizjournals.com which released: “Here’s what activist investor Trian may mean for PPG” on October 10, 2018, also Seekingalpha.com with their article: “Fed’s Macro Approach To The Economy Is Incorrect – Cramer’s Mad Money (10/11/18)” published on October 12, 2018, Businesswire.com published: “PPG’s Delaware, Ohio, Plant to Host Students on National Manufacturing Day” on October 05, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Fool.com and their article: “Here’s Why PPG Industries Fell as Much as 10.3% Today” published on October 09, 2018 as well as Businesswire.com‘s news article titled: “PPG Completes COLORFUL COMMUNITIES Project at Flint Development Center in Michigan” with publication date: October 05, 2018.

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

Among 12 analysts covering PPG Industries (NYSE:PPG), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. PPG Industries had 20 analyst reports since April 17, 2018 according to SRatingsIntel. Goldman Sachs upgraded PPG Industries, Inc. (NYSE:PPG) on Wednesday, July 25 to “Buy” rating. JP Morgan maintained PPG Industries, Inc. (NYSE:PPG) on Friday, June 1 with “Overweight” rating. Seaport Global maintained PPG Industries, Inc. (NYSE:PPG) on Tuesday, April 17 with “Hold” rating. The company was maintained on Friday, April 20 by Robert W. Baird. Susquehanna maintained PPG Industries, Inc. (NYSE:PPG) rating on Monday, April 23. Susquehanna has “Hold” rating and $12000 target. Credit Suisse maintained the shares of PPG in report on Friday, April 20 with “Outperform” rating. The stock of PPG Industries, Inc. (NYSE:PPG) has “Neutral” rating given on Monday, September 24 by Credit Suisse. Citigroup maintained the stock with “Neutral” rating in Tuesday, April 24 report. The rating was maintained by Credit Suisse on Friday, July 20 with “Outperform”. The stock of PPG Industries, Inc. (NYSE:PPG) has “Overweight” rating given on Friday, October 12 by KeyBanc Capital Markets.

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

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