Raleigh Capital Management Inc. Has $77,000 Holdings in PPG Industries, Inc. (NYSE:PPG)

Raleigh Capital Management Inc. grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2,818.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 642 shares of the specialty chemicals company’s stock after purchasing an additional 620 shares during the quarter. Raleigh Capital Management Inc.’s holdings in PPG Industries were worth $77,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Mutual Advisors LLC grew its holdings in PPG Industries by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company’s stock worth $319,000 after purchasing an additional 92 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of PPG Industries by 6.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 55,166 shares of the specialty chemicals company’s stock valued at $6,590,000 after buying an additional 3,305 shares during the period. Albion Financial Group UT acquired a new stake in shares of PPG Industries in the 4th quarter valued at about $38,000. Nisa Investment Advisors LLC increased its position in PPG Industries by 2.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 46,351 shares of the specialty chemicals company’s stock valued at $5,537,000 after buying an additional 979 shares in the last quarter. Finally, Aspire Private Capital LLC acquired a new position in PPG Industries during the 4th quarter worth approximately $240,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $123.52 on Friday. The business’s fifty day simple moving average is $121.17 and its 200 day simple moving average is $124.74. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 12 month low of $113.00 and a 12 month high of $145.60. The firm has a market capitalization of $28.66 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, February 21st. PPG Industries’s payout ratio is 43.11%.

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the sale, the vice president now owns 13,454 shares of the company’s stock, valued at approximately $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 22nd. Citigroup decreased their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Mizuho dropped their price objective on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their target price on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Moderate Buy” and an average target price of $149.23.

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.