Personal CFO Solutions LLC Cuts Stock Position in PPG Industries, Inc. (NYSE:PPG)

Personal CFO Solutions LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,699 shares of the specialty chemicals company’s stock after selling 930 shares during the period. Personal CFO Solutions LLC’s holdings in PPG Industries were worth $442,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PPG. Legend Financial Advisors Inc. purchased a new position in shares of PPG Industries in the 4th quarter valued at $27,000. Pin Oak Investment Advisors Inc. increased its stake in 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 buying an additional 200 shares during the period. Capital Performance Advisors LLP purchased a new stake in PPG Industries during the 3rd quarter worth $34,000. Albion Financial Group UT purchased a new stake in PPG Industries during the 4th quarter worth $38,000. Finally, Crews Bank & Trust purchased a new stake in PPG Industries during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company’s stock in a transaction on Friday, February 14th. The shares were 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 represents a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PPG. Royal Bank of Canada dropped their price target on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. StockNews.com downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays reissued an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their target price 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, PPG Industries presently has a consensus rating of “Hold” and an average price target of $138.15.

PPG Industries Trading Up 0.1 %

PPG Industries stock opened at $115.47 on Monday. 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 firm has a 50-day moving average price of $116.82 and a two-hundred day moving average price of $122.75. The firm has a market capitalization of $26.21 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 52-week low of $109.15 and a 52-week high of $145.61.

PPG Industries (NYSE:PPG) last issued its quarterly 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 return on equity of 23.78% and a net margin of 6.41%. Sell-side analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

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

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.