Atlantic Trust LLC trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,000 shares of the specialty chemicals company’s stock after selling 525 shares during the quarter. Atlantic Trust LLC’s holdings in PPG Industries were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in PPG Industries by 1.6% during the second quarter. Vanguard Group Inc. now owns 19,751,232 shares of the specialty chemicals company’s stock worth $2,171,845,000 after purchasing an additional 310,086 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in PPG Industries by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 18,544,989 shares of the specialty chemicals company’s stock worth $1,948,708,000 after purchasing an additional 216,278 shares in the last quarter. BlackRock Inc. boosted its position in PPG Industries by 2,006.8% during the first quarter. BlackRock Inc. now owns 14,595,371 shares of the specialty chemicals company’s stock worth $1,533,684,000 after purchasing an additional 13,902,595 shares in the last quarter. Clearbridge Investments LLC boosted its position in PPG Industries by 4.7% during the first quarter. Clearbridge Investments LLC now owns 4,991,865 shares of the specialty chemicals company’s stock worth $524,545,000 after purchasing an additional 222,376 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in PPG Industries by 639.5% during the first quarter. Lazard Asset Management LLC now owns 4,213,143 shares of the specialty chemicals company’s stock worth $442,716,000 after purchasing an additional 3,643,443 shares in the last quarter. Institutional investors own 73.92% of the company’s stock.

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PPG Industries, Inc. (NYSE:PPG) traded up 0.09% during trading on Friday, reaching $113.50. The company had a trading volume of 1,004,254 shares. The company has a 50-day moving average price of $108.15 and a 200 day moving average price of $107.68. The stock has a market cap of $29.11 billion, a PE ratio of 29.86 and a beta of 1.55. PPG Industries, Inc. has a 52-week low of $89.64 and a 52-week high of $114.15.

PPG Industries (NYSE:PPG) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.83. The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.92 billion. PPG Industries had a return on equity of 29.47% and a net margin of 6.79%. PPG Industries’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. On average, analysts anticipate that PPG Industries, Inc. will post $6.00 earnings per share for the current year.

In other news, insider Viktoras R. Sekmakas sold 18,616 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 15,545 shares of the company’s stock, valued at $1,593,207.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Glenn E. Bost II sold 19,812 shares of the firm’s stock in a transaction on 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 sale, the vice president now directly owns 52,748 shares of the company’s stock, valued at approximately $5,316,998.40. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

A number of analysts have commented on PPG shares. Jefferies Group LLC reiterated a “buy” rating and set a $120.00 target price on shares of PPG Industries in a research report on Thursday, July 6th. Argus upgraded PPG Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.61 to $136.00 in a research report on Wednesday, July 5th. BidaskClub upgraded PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Credit Suisse Group set a $113.00 target price on PPG Industries and gave the stock a “buy” rating in a research report on Sunday, July 23rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $115.00 target price on shares of PPG Industries in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $115.67.

About PPG Industries

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.

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

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