PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,177 shares of the specialty chemicals company’s stock after acquiring an additional 200 shares during the period. Bill Few Associates Inc.’s holdings in PPG Industries were worth $1,096,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PPG shares. Citigroup lowered their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Mizuho dropped their price objective on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp cut shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.23.

PPG Industries Stock Performance

PPG Industries stock opened at $122.94 on Thursday. 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 stock has a 50 day moving average of $121.17 and a 200-day moving average of $124.74. The stock has a market cap of $28.52 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. PPG Industries, Inc. has a 52 week low of $113.00 and a 52 week high of $145.60.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Friday, February 21st. PPG Industries’s payout ratio is currently 43.11%.

Insider Transactions at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the sale, the vice president now owns 13,454 shares in the company, valued at $1,692,513.20. This represents a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company’s stock.

PPG Industries 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.