PPG Industries, Inc. (NYSE:PPG) Shares Sold by BDF Gestion

BDF Gestion cut its holdings in PPG Industries, Inc. (NYSE:PPG) by 11.5% in the 4th quarter, HoldingsChannel reports. The fund owned 24,271 shares of the specialty chemicals company’s stock after selling 3,153 shares during the period. BDF Gestion’s holdings in PPG Industries were worth $2,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the 4th quarter worth $27,000. Pin Oak Investment Advisors Inc. increased its holdings in shares of PPG Industries by 465.1% during the 3rd 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 during the last quarter. Capital Performance Advisors LLP purchased a new stake in PPG Industries during the 3rd quarter worth $34,000. Albion Financial Group UT purchased a new stake in PPG Industries during the 4th quarter worth $38,000. Finally, Hara Capital LLC purchased a new stake in PPG Industries during the 3rd quarter worth $40,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Down 0.4 %

PPG Industries stock opened at $122.46 on Thursday. The stock has a market capitalization of $28.41 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. PPG Industries, Inc. has a 12-month low of $113.00 and a 12-month high of $145.60. 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 firm has a 50 day simple moving average of $121.23 and a 200-day simple moving average of $124.59.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, February 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries’s payout ratio is 43.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PPG. Deutsche Bank Aktiengesellschaft 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 report on Thursday, December 19th. 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 report on Wednesday, December 18th. Royal Bank of Canada decreased their price target on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 22nd. 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 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.