PPG Industries, Inc. (NYSE:PPG) Position Lessened by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG cut its stake in PPG Industries, Inc. (NYSE:PPG) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,648 shares of the specialty chemicals company’s stock after selling 1,000 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in PPG Industries were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PPG. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the 4th quarter worth about $27,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PPG Industries in the fourth quarter valued at approximately $36,000. Albion Financial Group UT bought a new stake in shares of PPG Industries during the fourth quarter valued at approximately $38,000. Crews Bank & Trust acquired a new position in shares of PPG Industries during the fourth quarter worth approximately $42,000. Finally, Sugar Maple Asset Management LLC bought a new position in PPG Industries in the 4th quarter worth approximately $44,000. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. UBS Group reduced their price target on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Finally, Argus lowered PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $138.15.

PPG Industries Stock Up 1.0 %

Shares of PPG Industries stock opened at $110.03 on Thursday. 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 12-month low of $105.64 and a 12-month high of $143.98. The firm has a market capitalization of $24.97 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The stock’s fifty day moving average is $114.61 and its 200-day moving average is $120.85.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (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%. Equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries’s payout ratio is 57.51%.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.

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.