BlackRock Amends PPG Industries Stake, Files 14th 13G/A
Ticker: PPG · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its PPG stake, showing its latest position as a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of PPG Industries Inc. common stock as of December 31, 2023. This is the 14th amendment to their Schedule 13G filing for PPG. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in PPG Industries, providing transparency on a significant institutional investor's holdings, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
An investor should note that BlackRock, a major institutional holder, continues to report its stake in PPG Industries. While this filing doesn't reveal specific changes in share count, it confirms their ongoing position and adherence to reporting requirements. Investors should look for the full 13G/A document to see the exact percentage of ownership reported.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PPG Industries Inc. (company) — the subject company whose stock is being reported
- January 25, 2024 (date) — the date the SC 13G/A was filed
- December 31, 2023 (date) — the date of the event which required the filing
- Amendment No: 14 (number) — the number of amendments to this Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is PPG INDUSTRIES INC, with a Central Index Key (CIK) of 0000079879.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
How many amendments have there been to this specific Schedule 13G filing for PPG Industries Inc. by BlackRock Inc.?
This is Amendment No: 14 to the Schedule 13G filing for PPG Industries Inc. by BlackRock Inc.
From the Filing
EDGAR Filing Documents for 0001086364-24-003686 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003686 Filing Date 2024-01-25 Accepted 2024-01-25 16:59:25 Documents 1 Document Format Files Seq Description Document Type Size 1 us6935061076_012524.txt SC 13G/A 11960 Complete submission text file 0001086364-24-003686.txt 13889 Mailing Address ONE PPG PL 40 EAST PITTSBURGH PA 15272 Business Address ONE PPG PL 40 EAST PITTSBURGH PA 15272 4124343131 PPG INDUSTRIES INC (Subject) CIK : 0000079879 (see all company filings) EIN. : 250730780 | State of Incorp.: PA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-13023 | Film No.: 24562947 SIC : 2851 Paints, Varnishes, Lacquers, Enamels & Allied Prods (CF Office: 08 Industrial Applications and Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)