BRYN MAWR TRUST Co Acquires 2,741 Shares of PPG Industries, Inc. (NYSE:PPG)

BRYN MAWR TRUST Co grew its holdings in shares of PPG Industries, Inc. (NYSE:PPGGet Rating) by 8.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,260 shares of the specialty chemicals company’s stock after buying an additional 2,741 shares during the period. BRYN MAWR TRUST Co’s holdings in PPG Industries were worth $6,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of PPG Industries by 2.9% during the third quarter. Geode Capital Management LLC now owns 4,161,488 shares of the specialty chemicals company’s stock valued at $593,507,000 after buying an additional 116,462 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of PPG Industries by 21.6% in the third quarter. Invesco Ltd. now owns 1,591,113 shares of the specialty chemicals company’s stock valued at $227,544,000 after purchasing an additional 283,110 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of PPG Industries by 66.3% in the fourth quarter. Ceredex Value Advisors LLC now owns 1,456,745 shares of the specialty chemicals company’s stock valued at $251,201,000 after purchasing an additional 580,545 shares during the period. Morgan Stanley boosted its holdings in shares of PPG Industries by 11.2% in the third quarter. Morgan Stanley now owns 1,398,247 shares of the specialty chemicals company’s stock valued at $199,964,000 after purchasing an additional 141,047 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PPG Industries by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,367,741 shares of the specialty chemicals company’s stock valued at $195,625,000 after purchasing an additional 26,613 shares during the period. 79.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PPG traded down $0.96 during midday trading on Friday, hitting $122.36. 1,021,519 shares of the company’s stock traded hands, compared to its average volume of 1,724,287. PPG Industries, Inc. has a 1 year low of $111.32 and a 1 year high of $182.97. The firm’s fifty day moving average is $129.02 and its 200-day moving average is $148.00. The company has a current ratio of 1.47, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15.

PPG Industries (NYSE:PPGGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The specialty chemicals company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.12 by $0.25. PPG Industries had a return on equity of 23.41% and a net margin of 6.26%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that PPG Industries, Inc. will post 7.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, May 9th. PPG Industries’s payout ratio is 52.33%.

In related news, EVP Rebecca B. Liebert sold 30,086 shares of the company’s stock in a transaction on Wednesday, April 27th. The stock was sold at an average price of $129.90, for a total value of $3,908,171.40. Following the transaction, the executive vice president now directly owns 24,693 shares of the company’s stock, valued at approximately $3,207,620.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

PPG has been the subject of a number of research reports. Morgan Stanley lowered their price target on PPG Industries from $175.00 to $150.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Wells Fargo & Company lowered their price target on PPG Industries from $170.00 to $140.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. Barclays lowered their target price on PPG Industries from $175.00 to $150.00 in a report on Monday, May 2nd. Zacks Investment Research lowered PPG Industries from a “hold” rating to a “sell” rating and set a $138.00 target price for the company. in a report on Friday, April 1st. Finally, Robert W. Baird lowered their target price on PPG Industries from $200.00 to $180.00 in a report on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $167.13.

PPG Industries Company Profile (Get Rating)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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

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