UMB Bank n.a. Acquires 235 Shares of PPG Industries, Inc. (NYSE:PPG)

UMB Bank n.a. grew its holdings in PPG Industries, Inc. (NYSE:PPG) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,338 shares of the specialty chemicals company’s stock after purchasing an additional 235 shares during the quarter. UMB Bank n.a.’s holdings in PPG Industries were worth $1,713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PPG. Insight Folios Inc increased its holdings in PPG Industries by 3.8% during the third quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company’s stock valued at $294,000 after buying an additional 81 shares during the period. Alpha DNA Investment Management LLC increased its holdings in shares of PPG Industries by 1.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company’s stock valued at $1,105,000 after acquiring an additional 92 shares during the period. Groupama Asset Managment raised its position in shares of PPG Industries by 1.2% in the 3rd quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company’s stock worth $1,027,000 after acquiring an additional 93 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of PPG Industries by 1.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 8,185 shares of the specialty chemicals company’s stock worth $1,084,000 after acquiring an additional 107 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its stake in shares of PPG Industries by 3.6% during the 3rd quarter. Global X Japan Co. Ltd. now owns 3,369 shares of the specialty chemicals company’s stock worth $446,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the transaction, the vice president now owns 13,454 shares of the company’s stock, valued at approximately $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

PPG Industries Stock Up 0.5 %

NYSE:PPG opened at $120.14 on Tuesday. 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’s fifty day moving average price is $121.26 and its 200-day moving average price is $124.80. PPG Industries, Inc. has a 1-year low of $113.00 and a 1-year high of $145.86. The firm has a market capitalization of $27.87 billion, a P/E ratio of 19.04, a PEG ratio of 1.77 and a beta of 1.24.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.26%. PPG Industries’s payout ratio is currently 43.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PPG shares. JPMorgan Chase & Co. reduced their target price on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Mizuho decreased their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. StockNews.com lowered shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Citigroup decreased their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.23.

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.