PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 941.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,681 shares of the specialty chemicals company’s stock after acquiring an additional 25,024 shares during the period. Ameritas Advisory Services LLC’s holdings in PPG Industries were worth $3,307,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in PPG Industries during the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $34,000. Hara Capital LLC purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of recent analyst reports. StockNews.com downgraded PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada dropped their price target on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 22nd. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, BMO Capital Markets restated an “outperform” rating and set a $155.00 price target (down previously from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.23.

Insider Buying and Selling

In other news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the transaction, the vice president now directly owns 13,454 shares of the company’s stock, valued at $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by insiders.

PPG Industries Stock Up 0.5 %

PPG opened at $120.14 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The business has a 50 day simple moving average of $121.26 and a 200-day simple moving average of $124.80. The stock has a market capitalization of $27.87 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.77 and a beta of 1.24. PPG Industries, Inc. has a 12 month low of $113.00 and a 12 month high of $145.86.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.26%. PPG Industries’s dividend payout ratio is presently 43.11%.

About PPG Industries

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.