PPG Industries, Inc. (NYSE:PPG) Shares Sold by TFG Advisers LLC

TFG Advisers LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,094 shares of the specialty chemicals company’s stock after selling 154 shares during the period. TFG Advisers LLC’s holdings in PPG Industries were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Legend Financial Advisors Inc. purchased a new stake in PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. increased its position in shares of PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of PPG Industries in the 3rd quarter valued at approximately $34,000. Albion Financial Group UT acquired a new position in shares of PPG Industries in the 4th quarter worth approximately $38,000. Finally, Hara Capital LLC purchased a new position in shares of PPG Industries during the 3rd quarter worth approximately $40,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Down 0.9 %

PPG stock opened at $114.87 on Friday. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The company has a fifty day moving average price of $120.22 and a 200 day moving average price of $123.94. 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, Inc. has a 12 month low of $110.20 and a 12 month high of $145.60.

PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Sell-side analysts expect that PPG Industries, Inc. will post 7.96 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, February 21st. PPG Industries’s payout ratio is currently 57.51%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PPG shares. StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Barclays decreased their price target on shares of PPG Industries from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company lowered their target price on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group lowered their price objective on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.46.

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.