PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,283 shares of the specialty chemicals company's stock after buying an additional 2,988 shares during the period. Royal London Asset Management Ltd.'s holdings in PPG Industries were worth $11,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PUREfi Wealth LLC acquired a new stake in PPG Industries during the 4th quarter worth approximately $279,000. PFW Advisors LLC purchased a new stake in shares of PPG Industries during the fourth quarter worth approximately $868,000. JGP Wealth Management LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $4,050,000. Charles Schwab Investment Management Inc. grew its position in PPG Industries by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company's stock valued at $340,654,000 after buying an additional 15,161 shares during the last quarter. Finally, Avanza Fonder AB acquired a new position in PPG Industries in the 4th quarter valued at $2,944,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PPG shares. StockNews.com downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Argus downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. The Goldman Sachs Group decreased their price objective on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada dropped their target price on shares of PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a report on Tuesday, February 4th. Finally, UBS Group decreased their price target on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $138.15.

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Insider Activity at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries 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 transaction, the chief executive officer now owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

PPG Industries Price Performance

Shares of PPG traded down $1.43 during trading hours on Tuesday, reaching $111.55. 1,818,942 shares of the company traded hands, compared to its average volume of 1,620,423. The stock has a fifty day simple moving average of $115.96 and a 200 day simple moving average of $121.52. PPG Industries, Inc. has a fifty-two week low of $109.15 and a fifty-two week high of $145.61. The stock has a market capitalization of $25.32 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG - Get Free Report) last issued 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 return on equity of 23.78% and a net margin of 6.41%. As a group, research analysts predict 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. Shareholders of record on Friday, February 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is 57.51%.

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.