Russell Investments Group Ltd. lowered its position in shares of PPG Industries, Inc. (NYSE:PPG) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,271 shares of the specialty chemicals company’s stock after selling 57,851 shares during the period. Russell Investments Group Ltd. owned 0.15% of PPG Industries worth $41,312,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Investment Partners Ltd. OH ADV grew its stake in PPG Industries by 0.3% during the second quarter. Investment Partners Ltd. OH ADV now owns 2,485 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 7 shares in the last quarter. Sigma Planning Corp grew its stake in PPG Industries by 0.3% during the second quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock valued at $447,000 after acquiring an additional 12 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC grew its stake in PPG Industries by 0.4% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock valued at $348,000 after acquiring an additional 12 shares in the last quarter. Balasa Dinverno & Foltz LLC grew its stake in PPG Industries by 1.6% during the second quarter. Balasa Dinverno & Foltz LLC now owns 2,027 shares of the specialty chemicals company’s stock valued at $223,000 after acquiring an additional 31 shares in the last quarter. Finally, First Interstate Bank grew its stake in PPG Industries by 3.1% during the second quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock valued at $127,000 after acquiring an additional 35 shares in the last quarter. 73.52% of the stock is owned by institutional investors.

Several brokerages recently commented on PPG. Citigroup Inc. boosted their price objective on shares of PPG Industries from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their price objective on shares of PPG Industries from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Bank of America Corporation set a $120.00 price objective on shares of PPG Industries and gave the company a “hold” rating in a research note on Friday, October 20th. Credit Suisse Group set a $119.00 price objective on shares of PPG Industries and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $120.00 price target on shares of PPG Industries in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $119.36.

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Shares of PPG Industries, Inc. (PPG) traded up $1.05 during trading on Tuesday, hitting $114.88. 1,058,400 shares of the stock were exchanged, compared to its average volume of 1,453,142. PPG Industries, Inc. has a 12 month low of $93.80 and a 12 month high of $119.85. The stock has a market cap of $29,300.00, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.60. 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 announced its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.52. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. analysts predict that PPG Industries, Inc. will post 5.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.57%. PPG Industries’s dividend payout ratio (DPR) is 35.86%.

PPG Industries 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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