Wellington Management Discloses 7.7% Stake in PPG Industries

TL;DR

**Wellington Management still holds a big 7.7% chunk of PPG, showing confidence!**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended SC 13G/A on February 8, 2024, updating its ownership in PPG Industries Inc. As of December 29, 2023, Wellington Management Group LLP reported beneficial ownership of 17,987,838 shares of PPG Industries Inc. common stock, representing 7.7% of the company's outstanding shares. This filing indicates a significant, but passive, institutional stake in PPG, which can be a positive signal for investors as it shows a large, professional money manager has confidence in the company's long-term prospects.

Why It Matters

This filing confirms a major institutional investor's continued significant stake in PPG Industries, signaling their belief in the company's value and potentially influencing other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company control.

Analyst Insight

Investors should note that a major institutional investor like Wellington Management Group LLP holds a substantial, passive stake in PPG Industries Inc., which can be viewed as a vote of confidence in the company's long-term value. This information could be a factor in an investor's decision-making process, but it doesn't suggest any immediate catalysts or changes in company strategy.

Key Numbers

• 17,987,838 — Shares Beneficially Owned (Represents the total number of PPG Industries Inc. common stock shares held by Wellington Management Group LLP.)
• 7.7% — Percentage of Class Owned (Indicates the proportion of PPG Industries Inc.'s outstanding common stock beneficially owned by Wellington Management Group LLP.)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person and institutional investor
• PPG Industries Inc (company) — the subject company whose shares are being reported
• 17,987,838 (dollar_amount) — number of shares beneficially owned by Wellington Management Group LLP
• 7.7% (dollar_amount) — percentage of class beneficially owned by Wellington Management Group LLP
• December 29, 2023 (date) — date of the event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A filing was made

Forward-Looking Statements

• Wellington Management Group LLP will maintain a significant, passive stake in PPG Industries Inc. for the foreseeable future. (Wellington Management Group LLP) — high confidence, target: 12/31/2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 31KB
• 0000902219-24-000195.txt ( ) — 33KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * PPG INDUSTRIES INC (Name of Issuer) Common Stock (Title of Class of Securities) 693506107 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 693506107 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,094,031 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,731,261 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,731,261 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.70% 12. TYPE OF REPORTING PERSON HC CUSIP No. 693506107 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,094,031 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,731,261 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,731,261 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.70% 12. TYPE OF REPORTING PERSON HC CUSIP No. 693506107 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 8,094,031 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,731,261 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,731,261 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.70% 12. TYPE OF REPORTING PERSON HC Item 1. (a) Name of Issuer PPG INDUSTRIES INC (b) Address of Issuer's Principal Executive Offices One Ppg Pl 40 East Pittsburgh, PA 15272 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 693506107 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1