Amundi Has $112.72 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Amundi decreased its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 974,326 shares of the specialty chemicals company's stock after selling 339,202 shares during the quarter. Amundi owned about 0.42% of PPG Industries worth $112,720,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. grew its holdings in PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new position in PPG Industries during the third quarter worth approximately $34,000. Albion Financial Group UT purchased a new position in PPG Industries during the fourth quarter worth approximately $38,000. Finally, Crews Bank & Trust acquired a new position in shares of PPG Industries in the 4th quarter valued at $42,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of NYSE PPG traded down $1.26 during trading on Wednesday, reaching $112.18. The stock had a trading volume of 716,230 shares, compared to its average volume of 1,623,507. The firm's 50 day moving average price is $116.62 and its two-hundred day moving average price is $122.58. PPG Industries, Inc. has a one year low of $109.15 and a one year high of $145.61. The stock has a market cap of $25.46 billion, a PE ratio of 23.72, a P/E/G ratio of 2.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

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PPG Industries (NYSE:PPG - Get Free Report) last announced 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 return on equity of 23.78% and a net margin of 6.41%. On average, research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, February 21st. PPG Industries's dividend payout ratio is currently 57.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PPG shares. Argus cut PPG Industries from a "buy" rating to a "hold" rating in a report on Monday. The Goldman Sachs Group reduced their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays reissued an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, PPG Industries currently has an average rating of "Hold" and an average price target of $138.15.

Insider Activity at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the sale, the chief executive officer now owns 35,833 shares of the company's stock, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company's stock.

PPG Industries Company 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.