BRYN MAWR TRUST Co continued to hold its position in shares of PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,024 shares of the specialty chemicals company’s stock at the end of the second quarter. BRYN MAWR TRUST Co’s holdings in PPG Industries were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in PPG Industries by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 19,441,146 shares of the specialty chemicals company’s stock valued at $2,042,875,000 after purchasing an additional 541,039 shares during the period. Massachusetts Financial Services Co. MA increased its position in PPG Industries by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,544,989 shares of the specialty chemicals company’s stock valued at $1,948,708,000 after purchasing an additional 216,278 shares during the period. BlackRock Inc. increased its position in PPG Industries by 2,006.8% during the 1st quarter. BlackRock Inc. now owns 14,595,371 shares of the specialty chemicals company’s stock valued at $1,533,684,000 after purchasing an additional 13,902,595 shares during the period. Clearbridge Investments LLC increased its position in PPG Industries by 4.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,991,865 shares of the specialty chemicals company’s stock valued at $524,545,000 after purchasing an additional 222,376 shares during the period. Finally, Lazard Asset Management LLC increased its position in PPG Industries by 639.5% during the 1st quarter. Lazard Asset Management LLC now owns 4,213,143 shares of the specialty chemicals company’s stock valued at $442,716,000 after purchasing an additional 3,643,443 shares during the period. 73.92% of the stock is owned by institutional investors.

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

A number of analysts have weighed in on the stock. Deutsche Bank AG increased their target price on shares of PPG Industries from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, July 21st. BidaskClub downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reissued a “buy” rating and set a $115.00 target price on shares of PPG Industries in a research report on Friday, September 1st. Argus raised shares of PPG Industries from a “hold” rating to a “buy” rating and increased their target price for the company from $110.61 to $136.00 in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $109.00 target price on shares of PPG Industries in a research report on Wednesday, September 13th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. PPG Industries presently has a consensus rating of “Hold” and an average price target of $115.19.

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PPG Industries, Inc. (PPG) traded up 0.13% during trading on Wednesday, hitting $108.48. The company’s stock had a trading volume of 40,971 shares. The firm has a market cap of $27.82 billion, a P/E ratio of 28.54 and a beta of 1.55. The firm has a 50 day moving average of $104.24 and a 200 day moving average of $106.76. PPG Industries, Inc. has a 12 month low of $89.64 and a 12 month high of $113.67.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.83. PPG Industries had a return on equity of 29.47% and a net margin of 6.79%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that PPG Industries, Inc. will post $6.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This is a boost from PPG Industries’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.66%. PPG Industries’s payout ratio is 46.88%.

PPG Industries Company Profile

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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