Blue Bell Private Wealth Management LLC Sells 400 Shares of PPG Industries, Inc. (NYSE:PPG)

Blue Bell Private Wealth Management LLC lowered its position in shares of PPG Industries, Inc. (NYSE:PPG) by 50.0% during the fourth quarter, HoldingsChannel reports. The fund owned 400 shares of the specialty chemicals company’s stock after selling 400 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in PPG Industries were worth $48,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in PPG Industries by 14.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,445 shares of the specialty chemicals company’s stock worth $324,000 after buying an additional 306 shares during the period. Van ECK Associates Corp boosted its position in shares of PPG Industries by 15.5% during the 3rd quarter. Van ECK Associates Corp now owns 39,801 shares of the specialty chemicals company’s stock valued at $5,026,000 after purchasing an additional 5,329 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of PPG Industries by 79.3% during the 3rd quarter. QRG Capital Management Inc. now owns 11,207 shares of the specialty chemicals company’s stock valued at $1,484,000 after purchasing an additional 4,956 shares in the last quarter. Foster & Motley Inc. bought a new stake in shares of PPG Industries during the 3rd quarter valued at about $210,000. Finally, Hara Capital LLC bought a new stake in shares of PPG Industries during the 3rd quarter valued at about $40,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.1 %

PPG stock opened at $115.47 on Friday. PPG Industries, Inc. has a twelve month low of $109.15 and a twelve month high of $145.61. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $116.82 and its 200-day moving average is $122.77. The firm has a market capitalization of $26.21 billion, a PE ratio of 24.41, a P/E/G ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share 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 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries’s payout ratio is 57.51%.

Analyst Upgrades and Downgrades

PPG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup cut their target price 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. Royal Bank of Canada cut their price target on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $115.00 in a report on Wednesday, February 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $138.15.

Insider Activity at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the sale, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by company insiders.

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.