VSM Wealth Advisory LLC Makes New Investment in PPG Industries, Inc. (NYSE:PPG)

VSM Wealth Advisory LLC bought a new stake in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 688 shares of the specialty chemicals company’s stock, valued at approximately $82,000.

A number of other institutional investors have also made changes to their positions in the business. Legend Financial Advisors Inc. acquired a new stake in PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. grew its stake in shares of PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Albion Financial Group UT acquired a new stake in shares of PPG Industries in the fourth quarter valued at approximately $38,000. Crews Bank & Trust bought a new position in PPG Industries in the 4th quarter worth approximately $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in PPG Industries during the 4th quarter worth $44,000. 81.86% of the stock is owned by institutional investors.

Insider Activity

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group lowered their target price on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Mizuho dropped their target price on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada reduced their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. downgraded PPG Industries from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $145.00 to $115.00 in a report on Wednesday, February 12th. Finally, KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, PPG Industries currently has an average rating of “Hold” and an average price target of $138.15.

PPG Industries Trading Down 0.4 %

Shares of NYSE:PPG opened at $113.11 on Thursday. The firm has a market cap of $25.67 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 12 month low of $109.15 and a 12 month high of $145.61. The company’s fifty day simple moving average is $116.23 and its 200 day simple moving average is $121.98. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is currently 57.51%.

PPG Industries 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.