Dean Investment Associates LLC Sells 3,935 Shares of PPG Industries, Inc. (NYSE:PPG)

Dean Investment Associates LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,965 shares of the specialty chemicals company’s stock after selling 3,935 shares during the period. Dean Investment Associates LLC’s holdings in PPG Industries were worth $2,504,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of PPG Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company’s stock worth $3,508,210,000 after purchasing an additional 756,937 shares during the last quarter. Wellington Management Group LLP raised its position in PPG Industries by 17.7% in the 4th quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company’s stock valued at $1,262,234,000 after buying an additional 1,590,041 shares during the last quarter. Geode Capital Management LLC lifted its stake in PPG Industries by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company’s stock valued at $660,752,000 after acquiring an additional 93,455 shares in the last quarter. Invesco Ltd. boosted its holdings in PPG Industries by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company’s stock worth $564,596,000 after acquiring an additional 271,699 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of PPG Industries in the 4th quarter worth $470,535,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Up 1.6 %

Shares of PPG Industries stock opened at $100.00 on Friday. The stock has a market capitalization of $22.70 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.19 and a beta of 1.16. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. 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’s 50-day simple moving average is $109.67 and its 200 day simple moving average is $118.25.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate 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 anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.72%. PPG Industries’s dividend payout ratio is currently 57.51%.

Analyst Ratings Changes

PPG has been the topic of a number of recent analyst reports. StockNews.com lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of PPG Industries from $130.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Bank of America reaffirmed a “neutral” rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a report on Tuesday. Royal Bank of Canada decreased their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 4th. Finally, Seaport Res Ptn cut PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and an average target price of $132.31.

Insider Transactions at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.