D.A. Davidson & CO. Increases Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

D.A. Davidson & CO. lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 73,241 shares of the specialty chemicals company’s stock after buying an additional 1,373 shares during the quarter. D.A. Davidson & CO.’s holdings in PPG Industries were worth $8,749,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries during the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. raised 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 valued at $32,000 after buying an additional 200 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of PPG Industries during the 3rd quarter valued at about $34,000. Albion Financial Group UT acquired a new stake in PPG Industries during the 4th quarter valued at approximately $38,000. Finally, Hara Capital LLC acquired a new stake in PPG Industries during the 3rd quarter valued at approximately $40,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

PPG Industries Stock Up 1.3 %

Shares of PPG Industries stock opened at $119.26 on Wednesday. The business’s fifty day moving average price is $118.84 and its two-hundred day moving average price is $123.36. 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 company has a market capitalization of $27.67 billion, a P/E ratio of 25.21, a PEG ratio of 1.97 and a beta of 1.23. PPG Industries, Inc. has a 1-year low of $110.20 and a 1-year high of $145.60.

PPG Industries (NYSE:PPG) last announced its earnings results 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 net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts forecast that PPG Industries, Inc. will post 7.96 EPS for the current year.

PPG Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PPG shares. UBS Group lowered their price objective on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Citigroup decreased their target price 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. Barclays decreased their target price on PPG Industries from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $145.00 to $115.00 in a research report on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.15.

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.