127,500 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by APG Asset Management N.V.

APG Asset Management N.V. purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 127,500 shares of the specialty chemicals company's stock, valued at approximately $14,708,000. APG Asset Management N.V. owned about 0.05% of PPG Industries at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Applied Finance Capital Management LLC boosted its position in shares of PPG Industries by 5.3% in the 4th quarter. Applied Finance Capital Management LLC now owns 4,847 shares of the specialty chemicals company's stock valued at $579,000 after purchasing an additional 243 shares during the period. Bank of Nova Scotia raised its stake in PPG Industries by 134.0% during the fourth quarter. Bank of Nova Scotia now owns 70,011 shares of the specialty chemicals company's stock worth $8,363,000 after purchasing an additional 40,095 shares during the period. Invesco Ltd. grew its stake in PPG Industries by 6.1% during the fourth quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock worth $564,596,000 after buying an additional 271,699 shares during the period. Bank of Montreal Can raised its stake in shares of PPG Industries by 14.9% during the fourth quarter. Bank of Montreal Can now owns 398,614 shares of the specialty chemicals company's stock valued at $47,614,000 after purchasing an additional 51,754 shares during the period. Finally, Bell Asset Management Ltd bought a new stake in shares of PPG Industries in the fourth quarter worth $6,955,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on PPG. The Goldman Sachs Group lowered their target price on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut PPG Industries from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $145.00 to $115.00 in a research report on Wednesday, February 12th. Barclays restated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Citigroup reduced their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $132.31.

PPG Industries Trading Down 0.2 %

Shares of NYSE:PPG traded down $0.18 during midday trading on Wednesday, reaching $99.43. 656,787 shares of the company's stock were exchanged, compared to its average volume of 1,794,846. The firm's 50 day simple moving average is $110.28 and its two-hundred day simple moving average is $118.62. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.19 and a beta of 1.16.

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

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were paid a $0.68 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.74%. PPG Industries's payout ratio is 57.51%.

Insider Buying and Selling

In other news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now owns 35,833 shares in the company, valued at approximately $4,240,835.55. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company's stock.

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.