PPG Industries, Inc. (NYSE:PPG) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC grew its position in PPG Industries, Inc. (NYSE:PPG) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,010 shares of the specialty chemicals company’s stock after purchasing an additional 667 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in PPG Industries were worth $6,095,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Financial Connections Group Inc. purchased a new position in shares of PPG Industries in the second quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in PPG Industries during the 2nd quarter worth approximately $37,000. Hara Capital LLC purchased a new position in PPG Industries in the third quarter valued at $40,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $46,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PPG has been the subject of several research reports. Citigroup reduced their target price on PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Barclays cut their price objective on PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada reduced their target price on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 22nd. Finally, KeyCorp lowered their price objective on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, PPG Industries currently has an average rating of “Moderate Buy” and an average target price of $149.93.

PPG Industries Price Performance

Shares of NYSE PPG opened at $121.70 on Friday. 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 market capitalization of $28.23 billion, a PE ratio of 19.58, a P/E/G ratio of 1.89 and a beta of 1.26. PPG Industries, Inc. has a 1-year low of $118.07 and a 1-year high of $151.16. The business’s fifty day moving average price is $127.45 and its two-hundred day moving average price is $127.90.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. PPG Industries’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 earnings per share. On average, research analysts expect that PPG Industries, Inc. will post 8.18 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.24%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

Insider Buying and Selling at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the completion of the sale, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

PPG Industries Company 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.