Motco decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,343 shares of the specialty chemicals company’s stock after selling 210 shares during the period. Motco’s holdings in PPG Industries were worth $5,206,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC increased its stake in shares of PPG Industries by 18.3% in the first quarter. LS Investment Advisors LLC now owns 31,078 shares of the specialty chemicals company’s stock worth $3,266,000 after buying an additional 4,799 shares during the last quarter. Swiss National Bank increased its stake in shares of PPG Industries by 26.1% in the first quarter. Swiss National Bank now owns 935,360 shares of the specialty chemicals company’s stock worth $98,288,000 after buying an additional 193,800 shares during the last quarter. BlackRock Inc. increased its stake in shares of PPG Industries by 2,006.8% in the first quarter. BlackRock Inc. now owns 14,595,371 shares of the specialty chemicals company’s stock worth $1,533,684,000 after buying an additional 13,902,595 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of PPG Industries during the first quarter worth $288,000. Finally, Whittier Trust Co. increased its stake in shares of PPG Industries by 1.0% in the first quarter. Whittier Trust Co. now owns 12,481 shares of the specialty chemicals company’s stock worth $1,312,000 after buying an additional 125 shares during the last quarter. 74.17% of the stock is currently owned by institutional investors.

Shares of PPG Industries, Inc. (NYSE:PPG) traded down 0.715% on Tuesday, hitting $103.405. The stock had a trading volume of 71,058 shares. The firm’s 50-day moving average price is $106.28 and its 200 day moving average price is $106.32. The firm has a market cap of $26.52 billion, a PE ratio of 27.205 and a beta of 1.54. PPG Industries, Inc. has a 52-week low of $89.64 and a 52-week high of $113.67.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.83. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.92 billion. PPG Industries had a return on equity of 29.47% and a net margin of 6.79%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.73 earnings per share. On average, equities research analysts predict that PPG Industries, Inc. will post $6.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Thursday, August 10th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.73%. This is an increase from PPG Industries’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 8th. PPG Industries’s dividend payout ratio (DPR) is 46.88%.

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A number of equities research analysts recently weighed in on PPG shares. Zacks Investment Research raised PPG Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of PPG Industries in a research report on Thursday, July 6th. Bank of America Corporation downgraded PPG Industries from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Monday, July 24th. Deutsche Bank AG raised their price objective on PPG Industries from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, BidaskClub raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $115.20.

In related news, VP Glenn E. Bost II sold 19,812 shares of PPG Industries stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $100.80, for a total value of $1,997,049.60. Following the completion of the transaction, the vice president now directly owns 52,748 shares in the company, valued at $5,316,998.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Viktoras R. Sekmakas sold 18,616 shares of PPG Industries stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $102.49, for a total value of $1,907,953.84. Following the completion of the transaction, the insider now owns 15,545 shares of the company’s stock, valued at $1,593,207.05. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. 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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