Avior Wealth Management LLC Increases Stock Position in PPG Industries, Inc. (NYSE:PPG)

Avior Wealth Management LLC raised its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 1,527.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,288 shares of the specialty chemicals company’s stock after acquiring an additional 4,963 shares during the period. Avior Wealth Management LLC’s holdings in PPG Industries were worth $632,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PPG. Legend Financial Advisors Inc. bought a new position in PPG Industries during the fourth quarter valued at approximately $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 worth $32,000 after acquiring an additional 200 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of PPG Industries during the 3rd quarter valued at approximately $34,000. Albion Financial Group UT purchased a new position in shares of PPG Industries in the fourth quarter valued at $38,000. Finally, Hara Capital LLC bought a new stake in PPG Industries in the third quarter worth $40,000. 81.86% of the stock is owned by institutional investors.

PPG Industries Price Performance

Shares of PPG stock opened at $122.75 on Friday. The company has a market capitalization of $28.48 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.93 and a beta of 1.24. The company’s 50-day simple moving average is $121.17 and its two-hundred day simple moving average is $124.70. PPG Industries, Inc. has a one year low of $113.00 and a one year high of $145.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.22%. PPG Industries’s dividend payout ratio (DPR) is currently 43.11%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the transaction, the vice president now owns 13,454 shares of the company’s stock, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on PPG. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Citigroup decreased their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Mizuho dropped their target price on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, StockNews.com lowered PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.23.

About PPG Industries

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.