Mutual Advisors LLC Increases Holdings in PPG Industries, Inc. (NYSE:PPG)

Mutual Advisors LLC lifted its position in PPG Industries, Inc. (NYSE:PPGFree Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,887 shares of the specialty chemicals company’s stock after purchasing an additional 184 shares during the period. Mutual Advisors LLC’s holdings in PPG Industries were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC bought a new position in PPG Industries in the fourth quarter worth approximately $26,000. Quarry LP bought a new position in PPG Industries in the second quarter worth approximately $29,000. Intrepid Capital Management Inc. bought a new position in PPG Industries in the second quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in PPG Industries in the third quarter worth approximately $25,000. Finally, Harbour Investments Inc. raised its stake in PPG Industries by 84.9% in the first quarter. Harbour Investments Inc. now owns 220 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

NYSE PPG opened at $144.90 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 1.05. The stock’s fifty day moving average price is $141.25 and its 200 day moving average price is $138.13. PPG Industries, Inc. has a 1 year low of $120.32 and a 1 year high of $152.89. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.43 and a beta of 1.28.

PPG Industries (NYSE:PPGGet Free Report) last posted its quarterly earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts forecast that PPG Industries, Inc. will post 8.45 earnings per share for the current year.

PPG Industries Announces Dividend

The firm 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. This represents a $2.60 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, February 15th. PPG Industries’s payout ratio is 48.69%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 3,400 shares of the company’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 sale, the chief financial officer now directly owns 28,439 shares of the company’s stock, valued at $4,008,192.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PPG shares. Redburn Atlantic downgraded shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Thursday, February 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $150.00 price target on shares of PPG Industries in a research report on Friday, January 19th. Wolfe Research started coverage on PPG Industries in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company upped their price target on PPG Industries from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reduced their price target on PPG Industries from $158.00 to $156.00 and set a “sector perform” rating on the stock in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, PPG Industries presently has an average rating of “Hold” and an average price target of $157.13.

Check Out Our Latest Stock Analysis on PPG

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.

See Also

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

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