Commerzbank Aktiengesellschaft FI Purchases Shares of 4,237 PPG Industries, Inc. (NYSE:PPG)

Commerzbank Aktiengesellschaft FI acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,237 shares of the specialty chemicals company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in PPG Industries during the 4th quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. lifted its position in PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in PPG Industries during the 3rd quarter worth approximately $34,000. Albion Financial Group UT acquired a new position in PPG Industries during the 4th quarter worth approximately $38,000. Finally, Hara Capital LLC acquired a new position in PPG Industries during the 3rd quarter worth approximately $40,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Price Performance

Shares of NYSE PPG opened at $114.18 on Thursday. PPG Industries, Inc. has a twelve month low of $109.15 and a twelve month high of $145.61. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $25.91 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The business has a 50 day simple moving average of $117.04 and a 200-day simple moving average of $122.87.

PPG Industries (NYSE:PPG) last issued 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%. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Insider Activity

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $145.00 to $115.00 in a research report on Wednesday, February 12th. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada cut their target price 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. Finally, Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.