PPG Industries, Inc. (PPG) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. increased its stake in PPG Industries, Inc. (NYSE:PPG) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,243 shares of the specialty chemicals company’s stock after buying an additional 2,930 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.09% of PPG Industries worth $24,584,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in PPG Industries by 5.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 43,653 shares of the specialty chemicals company’s stock valued at $4,743,000 after purchasing an additional 2,342 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in PPG Industries by 26.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,104 shares of the specialty chemicals company’s stock worth $20,331,000 after buying an additional 39,633 shares during the period. AMP Capital Investors Ltd raised its holdings in PPG Industries by 17.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 87,689 shares of the specialty chemicals company’s stock worth $9,528,000 after buying an additional 13,083 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in PPG Industries by 7.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,476 shares of the specialty chemicals company’s stock worth $3,964,000 after buying an additional 2,654 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in PPG Industries by 64.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,661 shares of the specialty chemicals company’s stock worth $615,000 after buying an additional 2,209 shares during the period. Institutional investors and hedge funds own 75.09% of the company’s stock.

Several analysts have issued reports on PPG shares. Robert W. Baird restated a “buy” rating and set a $115.00 price objective on shares of PPG Industries in a report on Friday, September 1st. Bank of America set a $120.00 price objective on PPG Industries and gave the stock a “hold” rating in a report on Friday, October 20th. Royal Bank Of Canada restated a “hold” rating and set a $109.00 price objective on shares of PPG Industries in a report on Wednesday, September 13th. Citigroup boosted their price objective on PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded PPG Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. PPG Industries presently has a consensus rating of “Hold” and a consensus price target of $119.40.

Shares of PPG Industries, Inc. (NYSE PPG) traded up $0.06 on Monday, hitting $115.98. The stock had a trading volume of 220,883 shares, compared to its average volume of 1,439,495. The firm has a market cap of $29,470.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.31 and a beta of 1.60. PPG Industries, Inc. has a one year low of $93.80 and a one year high of $119.85. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.68.

PPG Industries (NYSE:PPG) last issued its earnings results on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. PPG Industries had a return on equity of 27.85% and a net margin of 12.21%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. equities analysts predict that PPG Industries, Inc. will post 5.9 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, November 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. PPG Industries’s dividend payout ratio is 35.86%.

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PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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