Mitsubishi UFJ Trust & Banking Corp Sells 3,905 Shares of PPG Industries, Inc. (NYSE:PPG)

Mitsubishi UFJ Trust & Banking Corp decreased its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,819 shares of the specialty chemicals company's stock after selling 3,905 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in PPG Industries were worth $13,357,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PPG. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries during the fourth quarter valued at about $27,000. Albion Financial Group UT acquired a new stake in shares of PPG Industries in the 4th quarter worth approximately $38,000. Crews Bank & Trust bought a new position in shares of PPG Industries in the fourth quarter valued at approximately $42,000. Sugar Maple Asset Management LLC acquired a new position in shares of PPG Industries during the fourth quarter valued at approximately $44,000. Finally, Millstone Evans Group LLC bought a new stake in PPG Industries during the fourth quarter worth approximately $46,000. 81.86% of the stock is currently owned by institutional investors.

Insider Activity at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the business's stock in a transaction dated 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 directly owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PPG shares. UBS Group lowered their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on PPG Industries from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Barclays reiterated an "equal weight" rating on shares of PPG Industries in a research report on Monday, February 3rd. Finally, Argus cut shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $138.15.

PPG Industries Trading Down 0.0 %

Shares of PPG Industries stock traded down $0.02 on Wednesday, hitting $108.93. 1,609,989 shares of the company's stock traded hands, compared to its average volume of 2,192,677. 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 one year low of $105.64 and a one year high of $143.98. The firm's 50-day moving average price is $114.86 and its two-hundred day moving average price is $120.92. The stock has a market capitalization of $24.72 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

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

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.

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.