PPG Industries, Inc. (NYSE:PPG) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in PPG Industries, Inc. (NYSE:PPG) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,241 shares of the specialty chemicals company’s stock after acquiring an additional 1,373 shares during the quarter. D.A. Davidson & CO.’s holdings in PPG Industries were worth $8,749,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. PUREfi Wealth LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at $279,000. PFW Advisors LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at $868,000. Equity Investment Corp grew its holdings in shares of PPG Industries by 7.0% during the third quarter. Equity Investment Corp now owns 649,301 shares of the specialty chemicals company’s stock valued at $86,006,000 after buying an additional 42,380 shares in the last quarter. JGP Wealth Management LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at $4,050,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PPG Industries by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock valued at $340,654,000 after buying an additional 15,161 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the transaction, the chief executive officer now owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $119.26 on Wednesday. PPG Industries, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $145.60. The business has a 50-day moving average of $118.84 and a two-hundred day moving average of $123.36. The stock has a market capitalization of $27.67 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, equities research analysts predict that PPG Industries, Inc. will post 7.96 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.28%. PPG Industries’s dividend payout ratio is presently 57.51%.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 4th. Barclays lowered their price target on PPG Industries from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. downgraded PPG Industries from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $145.00 to $115.00 in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and an average 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.