PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,283 shares of the specialty chemicals company’s stock after purchasing an additional 2,988 shares during the period. Royal London Asset Management Ltd.’s holdings in PPG Industries were worth $11,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PPG. Thrivent Financial for Lutherans lifted its stake in PPG Industries by 9.1% during the third quarter. Thrivent Financial for Lutherans now owns 26,493 shares of the specialty chemicals company’s stock valued at $3,509,000 after purchasing an additional 2,202 shares during the last quarter. Quest Partners LLC raised its holdings in shares of PPG Industries by 90.1% during the third quarter. Quest Partners LLC now owns 5,179 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 2,455 shares during the period. Prospera Financial Services Inc lifted its position in shares of PPG Industries by 3.9% in the 3rd quarter. Prospera Financial Services Inc now owns 6,701 shares of the specialty chemicals company’s stock valued at $888,000 after acquiring an additional 250 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of PPG Industries by 181.3% in the 3rd quarter. Pacer Advisors Inc. now owns 47,047 shares of the specialty chemicals company’s stock valued at $6,232,000 after acquiring an additional 30,322 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PPG Industries by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock valued at $340,654,000 after acquiring an additional 15,161 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now directly owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by company insiders.

PPG Industries Stock Down 0.5 %

PPG Industries stock opened at $110.75 on Friday. The company has a market capitalization of $25.14 billion, a P/E ratio of 23.42, a P/E/G ratio of 2.19 and a beta of 1.22. The firm’s fifty day simple moving average is $116.09 and its 200-day simple moving average is $121.73. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 1-year low of $109.15 and a 1-year high of $145.61.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Sell-side analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.46%. PPG Industries’s payout ratio is presently 57.51%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup reduced their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Seaport Res Ptn downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. KeyCorp downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, PPG Industries has a consensus rating of “Hold” and a consensus target price of $138.15.

PPG Industries Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.