Flagship Wealth Advisors LLC Buys New Stake in PPG Industries, Inc. (NYSE:PPG)

Flagship Wealth Advisors LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 400 shares of the specialty chemicals company’s stock, valued at approximately $48,000.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in PPG Industries during the fourth quarter valued at $27,000. Pin Oak Investment Advisors Inc. grew its stake in 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 in the last quarter. Albion Financial Group UT purchased a new position in PPG Industries during the fourth quarter valued at $38,000. Crews Bank & Trust purchased a new position in PPG Industries during the fourth quarter valued at $42,000. Finally, Sugar Maple Asset Management LLC purchased a new position in PPG Industries during the fourth quarter valued at $44,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 0.3 %

PPG stock opened at $113.85 on Tuesday. The company has a market capitalization of $25.84 billion, a PE ratio of 24.07, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 12 month low of $109.15 and a 12 month high of $145.61. The firm’s 50-day moving average is $116.33 and its 200 day moving average is $122.16. 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 (NYSE:PPG) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Analyst Ratings Changes

Several equities analysts have commented on PPG shares. Royal Bank of Canada lowered their price objective on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 4th. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Argus lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Barclays reiterated an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, PPG Industries has a consensus rating of “Hold” and a consensus price target of $138.15.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

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.