1,500 Shares in PPG Industries, Inc. (NYSE:PPG) Acquired by Capital City Trust Co. FL

Capital City Trust Co. FL acquired a new position in PPG Industries, Inc. (NYSE:PPGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,500 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in PPG Industries during the 3rd quarter worth about $25,000. Valued Wealth Advisors LLC acquired a new position in shares of PPG Industries during the fourth quarter worth approximately $26,000. SJS Investment Consulting Inc. lifted its position in shares of PPG Industries by 588.5% during the fourth quarter. SJS Investment Consulting Inc. now owns 179 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 153 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of PPG Industries during the fourth quarter valued at approximately $28,000. Finally, Harbour Investments Inc. increased its holdings in shares of PPG Industries by 84.9% in the first quarter. Harbour Investments Inc. now owns 220 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

In related news, CFO Vincent J. Morales sold 3,400 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $140.94, for a total transaction of $479,196.00. Following the completion of the transaction, the chief financial officer now directly owns 28,439 shares in the company, valued at $4,008,192.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp increased their price objective on PPG Industries from $166.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Wolfe Research started coverage on PPG Industries in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada cut their target price on shares of PPG Industries from $158.00 to $156.00 and set a “sector perform” rating on the stock in a research report on Monday, January 22nd. Barclays cut shares of PPG Industries from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $163.00 to $149.00 in a research report on Tuesday, February 27th. Finally, Redburn Atlantic lowered shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.13.

View Our Latest Stock Analysis on PPG

PPG Industries Trading Up 0.2 %

NYSE PPG opened at $144.90 on Friday. PPG Industries, Inc. has a one year low of $120.32 and a one year high of $152.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.47 and a quick ratio of 1.05. The firm has a market cap of $34.10 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.43 and a beta of 1.28. The stock’s 50-day moving average is $141.32 and its 200-day moving average is $138.19.

PPG Industries (NYSE:PPGGet Free Report) last announced its quarterly earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that PPG Industries, Inc. will post 8.45 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, February 15th. PPG Industries’s dividend payout ratio (DPR) is presently 48.69%.

About PPG Industries

(Free Report)

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.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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