PPG Industries, Inc. (NYSE:PPG) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 46.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,603 shares of the specialty chemicals company's stock after selling 65,360 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in PPG Industries were worth $10,147,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Financial Connections Group Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in PPG Industries in the 3rd quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in PPG Industries during the 2nd quarter valued at about $37,000. Hara Capital LLC purchased a new position in shares of PPG Industries in the 3rd quarter worth approximately $40,000. Finally, Ashton Thomas Securities LLC purchased a new position in PPG Industries in the third quarter valued at approximately $46,000. Institutional investors own 81.86% of the company's stock.

PPG Industries Trading Down 0.0 %

PPG Industries stock traded down $0.03 during trading hours on Friday, hitting $122.65. The company had a trading volume of 1,173,739 shares, compared to its average volume of 1,453,706. The firm has a market cap of $28.45 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a 1 year low of $118.07 and a 1 year high of $151.16. The company has a 50-day moving average price of $127.00 and a two-hundred day moving average price of $127.40.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The business had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.66 billion. During the same period in the previous year, the company posted $2.07 EPS. PPG Industries's revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that PPG Industries, Inc. will post 8.18 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.68 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.22%. PPG Industries's dividend payout ratio (DPR) is presently 43.11%.

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the transaction, the vice president now owns 13,454 shares in the company, valued at approximately $1,692,513.20. This represents a 12.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PPG shares. Mizuho lowered their target price on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Royal Bank of Canada decreased their price target on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets reissued an "outperform" rating and set a $155.00 price target (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of PPG Industries from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of PPG Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 19th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PPG Industries has an average rating of "Moderate Buy" and a consensus price target of $149.93.

About PPG Industries

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.