PPG Industries, Inc. (NYSE:PPG) Shares Bought by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lifted its position in shares of PPG Industries, Inc. (NYSE:PPGFree Report) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 253,625 shares of the specialty chemicals company’s stock after buying an additional 2,775 shares during the period. Vaughan David Investments LLC IL owned approximately 0.11% of PPG Industries worth $37,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in shares of PPG Industries by 19.9% during the 4th quarter. Perigon Wealth Management LLC now owns 1,864 shares of the specialty chemicals company’s stock worth $279,000 after buying an additional 310 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in PPG Industries in the 4th quarter valued at approximately $243,000. Cerity Partners LLC increased its holdings in PPG Industries by 137.5% in the 4th quarter. Cerity Partners LLC now owns 34,937 shares of the specialty chemicals company’s stock valued at $5,224,000 after purchasing an additional 20,226 shares during the last quarter. Financial Counselors Inc. increased its holdings in PPG Industries by 6.1% in the 4th quarter. Financial Counselors Inc. now owns 1,997 shares of the specialty chemicals company’s stock valued at $299,000 after purchasing an additional 114 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in PPG Industries in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the subject of several recent research reports. Redburn Atlantic cut shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Thursday, February 1st. Royal Bank of Canada decreased their price target on shares of PPG Industries from $158.00 to $156.00 and set a “sector perform” rating for the company in a research report on Monday, January 22nd. Vertical Research raised shares of PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Citigroup decreased their price objective on shares of PPG Industries from $170.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of PPG Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $163.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.40.

Read Our Latest Analysis on PPG

PPG Industries Price Performance

Shares of PPG stock traded down $3.17 during trading hours on Friday, hitting $134.43. The company’s stock had a trading volume of 1,656,450 shares, compared to its average volume of 1,730,101. The business has a fifty day moving average of $140.98 and a 200-day moving average of $138.70. The stock has a market cap of $31.64 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.36 and a beta of 1.28. PPG Industries, Inc. has a twelve month low of $120.32 and a twelve month high of $152.89. The company has a current ratio of 1.47, a quick ratio of 1.05 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPGGet Free Report) last announced its earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business earned $1.22 earnings per share. PPG Industries’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 8.46 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th were issued a $0.65 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.93%. PPG Industries’s dividend payout ratio (DPR) is presently 48.69%.

Insider Buying and Selling at PPG Industries

In other news, CFO Vincent J. Morales sold 3,400 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $140.94, for a total value of $479,196.00. Following the transaction, the chief financial officer now owns 28,439 shares of the company’s stock, valued at approximately $4,008,192.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

PPG Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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