5,146 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by Advisor OS LLC

Advisor OS LLC bought a new position in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,146 shares of the specialty chemicals company’s stock, valued at approximately $615,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries in the fourth quarter valued at about $27,000. Pin Oak Investment Advisors Inc. raised its position in PPG Industries by 465.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the 3rd quarter valued at approximately $34,000. Hara Capital LLC bought a new stake in PPG Industries in the 3rd quarter valued at approximately $40,000. Finally, Albion Financial Group UT acquired a new position in PPG Industries during the 4th quarter worth approximately $38,000. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

PPG Industries Price Performance

NYSE:PPG opened at $115.07 on Thursday. PPG Industries, Inc. has a 12-month low of $110.20 and a 12-month high of $145.60. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.19 and a beta of 1.23. The stock’s 50 day moving average price is $117.83 and its two-hundred day moving average price is $123.15. 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 posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, February 21st. PPG Industries’s dividend payout ratio is presently 57.51%.

Analyst Ratings Changes

PPG has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Barclays reiterated an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. UBS Group reduced their price objective on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reduced their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 4th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.15.

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.