Farther Finance Advisors LLC Purchases 306 Shares of PPG Industries, Inc. (NYSE:PPG)

Farther Finance Advisors LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 14.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,445 shares of the specialty chemicals company’s stock after buying an additional 306 shares during the period. Farther Finance Advisors LLC’s holdings in PPG Industries were worth $324,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Financial Connections Group Inc. acquired a new position in shares of PPG Industries during the 2nd quarter worth $25,000. Rothschild Investment LLC acquired a new position in PPG Industries during the second quarter worth about $37,000. LRI Investments LLC lifted its holdings in shares of PPG Industries by 463.8% in the second quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 320 shares during the last quarter. Slocum Gordon & Co LLP boosted its stake in shares of PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock valued at $57,000 after purchasing an additional 155 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of PPG Industries by 66.2% during the 2nd quarter. Versant Capital Management Inc now owns 565 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 225 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 sale, the vice president now directly owns 13,454 shares of the company’s stock, valued at approximately $1,692,513.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

PPG has been the subject of several research reports. Barclays dropped their price objective on shares of PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Citigroup dropped their price target on PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. BMO Capital Markets restated an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Mizuho dropped their target price on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. cut their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, PPG Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.93.

PPG Industries Price Performance

Shares of NYSE PPG opened at $125.58 on Friday. The company has a market capitalization of $29.13 billion, a PE ratio of 19.90, a P/E/G ratio of 1.92 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a twelve month low of $118.07 and a twelve month high of $151.16. The firm has a fifty day simple moving average of $127.72 and a 200 day simple moving average of $128.05.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the business posted $2.07 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that PPG Industries, Inc. will post 8.19 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, November 12th. PPG Industries’s dividend payout ratio (DPR) is presently 43.11%.

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.