Natixis Advisors LLC Has $18.20 Million Stake in PPG Industries, Inc. (NYSE:PPG)

Natixis Advisors LLC grew its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 57.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 137,372 shares of the specialty chemicals company's stock after buying an additional 50,326 shares during the period. Natixis Advisors LLC owned 0.06% of PPG Industries worth $18,196,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PPG. Covestor Ltd boosted its position in shares of PPG Industries by 25.2% in the 1st quarter. Covestor Ltd now owns 582 shares of the specialty chemicals company's stock worth $84,000 after purchasing an additional 117 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in PPG Industries by 62.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,410 shares of the specialty chemicals company's stock valued at $2,233,000 after purchasing an additional 5,930 shares during the period. UniSuper Management Pty Ltd increased its stake in PPG Industries by 347.2% in the first quarter. UniSuper Management Pty Ltd now owns 9,665 shares of the specialty chemicals company's stock valued at $1,400,000 after purchasing an additional 7,504 shares in the last quarter. National Bank of Canada FI raised its holdings in PPG Industries by 13.7% in the first quarter. National Bank of Canada FI now owns 119,924 shares of the specialty chemicals company's stock worth $16,229,000 after purchasing an additional 14,473 shares during the period. Finally, Pitcairn Co. boosted its position in shares of PPG Industries by 16.3% during the first quarter. Pitcairn Co. now owns 1,623 shares of the specialty chemicals company's stock worth $235,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

Insiders Place Their Bets

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the 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 $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 is available at this hyperlink. Company insiders own 0.56% of the company's stock.

PPG Industries Stock Performance

NYSE:PPG traded down $0.40 during mid-day trading on Wednesday, hitting $120.68. The stock had a trading volume of 321,688 shares, compared to its average volume of 1,581,189. PPG Industries, Inc. has a twelve month low of $118.07 and a twelve month high of $151.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.87 and a beta of 1.26. The company's 50 day simple moving average is $127.22 and its 200 day simple moving average is $127.64.

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

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 12th. PPG Industries's payout ratio is presently 43.11%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Mizuho reduced their target price on PPG Industries from $160.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. StockNews.com upgraded PPG Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. BMO Capital Markets restated an "outperform" rating and set a $155.00 target price (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Royal Bank of Canada cut their price objective on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their target price on PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Friday, October 18th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently 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.