MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $49.53 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 6.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 415,861 shares of the specialty chemicals company’s stock after buying an additional 26,027 shares during the period. PPG Industries makes up 1.6% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 27th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in PPG Industries were worth $49,525,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Insight Folios Inc raised its holdings in PPG Industries by 3.8% in the 3rd quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company’s stock valued at $294,000 after acquiring an additional 81 shares in the last quarter. Alpha DNA Investment Management LLC raised its stake in PPG Industries by 1.1% in the third quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company’s stock valued at $1,105,000 after purchasing an additional 92 shares in the last quarter. Mutual Advisors LLC lifted its position in PPG Industries by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company’s stock worth $319,000 after purchasing an additional 92 shares during the period. Groupama Asset Managment grew its stake in PPG Industries by 1.2% during the third quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company’s stock worth $1,027,000 after buying an additional 93 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in PPG Industries by 28.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 95 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PPG. Deutsche Bank Aktiengesellschaft reduced their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Citigroup decreased their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada reduced their price objective on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their target price on PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.23.

Insider Buying and Selling at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total value of $249,713.00. Following the transaction, the vice president now directly owns 13,454 shares of the company’s stock, valued at $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $123.52 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a 52 week low of $113.00 and a 52 week high of $145.60. The firm has a market cap of $28.66 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The firm’s fifty day moving average is $121.17 and its 200-day moving average is $124.74.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, February 21st will be given a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.20%. PPG Industries’s dividend payout ratio (DPR) is presently 43.11%.

PPG Industries Company Profile

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.