AXS Investments LLC Buys 163 Shares of PPG Industries, Inc. (NYSE:PPG)

AXS Investments LLC raised its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,768 shares of the specialty chemicals company’s stock after purchasing an additional 163 shares during the period. AXS Investments LLC’s holdings in PPG Industries were worth $1,171,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PPG. Northwestern Mutual Wealth Management Co. boosted its position in PPG Industries by 0.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,009 shares of the specialty chemicals company’s stock valued at $1,510,000 after buying an additional 79 shares during the period. 44 Wealth Management LLC boosted its holdings in shares of PPG Industries by 2.5% during the first quarter. 44 Wealth Management LLC now owns 3,290 shares of the specialty chemicals company’s stock worth $439,000 after purchasing an additional 79 shares during the period. Wedmont Private Capital boosted its holdings in shares of PPG Industries by 3.7% during the first quarter. Wedmont Private Capital now owns 2,276 shares of the specialty chemicals company’s stock worth $315,000 after purchasing an additional 82 shares during the period. Park Place Capital Corp boosted its holdings in shares of PPG Industries by 15.8% during the first quarter. Park Place Capital Corp now owns 608 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 83 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of PPG Industries by 45.8% during the first quarter. Parkside Financial Bank & Trust now owns 277 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 87 shares during the period. 79.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 3,700 shares of PPG Industries stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $143.33, for a total value of $530,321.00. Following the completion of the sale, the chief financial officer now owns 22,665 shares of the company’s stock, valued at approximately $3,248,574.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other PPG Industries news, CFO Vincent J. Morales sold 3,700 shares of PPG Industries stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $143.33, for a total value of $530,321.00. Following the sale, the chief financial officer now directly owns 22,665 shares in the company, valued at approximately $3,248,574.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael H. Mcgarry sold 58,378 shares of PPG Industries stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $145.46, for a total transaction of $8,491,663.88. Following the completion of the sale, the chairman now owns 195,706 shares in the company, valued at $28,467,394.76. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

PPG Industries Stock Up 0.2 %

Shares of PPG traded up $0.25 on Friday, hitting $142.01. 1,101,463 shares of the stock traded hands, compared to its average volume of 1,480,727. The company has a market capitalization of $33.44 billion, a PE ratio of 25.50, a P/E/G ratio of 1.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.49. The business has a 50 day simple moving average of $143.90 and a 200 day simple moving average of $138.32. PPG Industries, Inc. has a one year low of $107.40 and a one year high of $152.89.

PPG Industries (NYSE:PPG) last posted its earnings results on Friday, July 21st. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.11. PPG Industries had a net margin of 7.38% and a return on equity of 23.59%. The business had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm posted $1.81 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that PPG Industries, Inc. will post 7.51 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 10th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, August 9th. This is an increase from PPG Industries’s previous quarterly dividend of $0.62. PPG Industries’s payout ratio is 46.68%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PPG shares. BMO Capital Markets increased their target price on shares of PPG Industries from $158.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. KeyCorp raised their price objective on shares of PPG Industries from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Royal Bank of Canada raised their price objective on shares of PPG Industries from $145.00 to $158.00 and gave the stock a “sector perform” rating in a report on Monday, July 24th. Bank of America raised their price objective on shares of PPG Industries from $163.00 to $170.00 in a report on Monday, July 24th. Finally, Mizuho raised their price objective on shares of PPG Industries from $152.00 to $166.00 in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and an average price target of $156.47.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.