CWA Asset Management Group LLC Buys Shares of 7,643 PPG Industries, Inc. (NYSE:PPG)

CWA Asset Management Group LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,643 shares of the specialty chemicals company’s stock, valued at approximately $1,012,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PPG. Norden Group LLC bought a new stake in shares of PPG Industries during the first quarter valued at approximately $252,000. Envestnet Portfolio Solutions Inc. increased its position in shares of PPG Industries by 3.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 11,714 shares of the specialty chemicals company’s stock valued at $1,697,000 after acquiring an additional 436 shares in the last quarter. Empowered Funds LLC increased its position in shares of PPG Industries by 191.2% during the first quarter. Empowered Funds LLC now owns 8,558 shares of the specialty chemicals company’s stock valued at $1,240,000 after acquiring an additional 5,619 shares in the last quarter. Sei Investments Co. increased its position in shares of PPG Industries by 10.2% during the first quarter. Sei Investments Co. now owns 61,648 shares of the specialty chemicals company’s stock valued at $8,930,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its position in shares of PPG Industries by 4.2% during the first quarter. Meeder Advisory Services Inc. now owns 3,881 shares of the specialty chemicals company’s stock valued at $562,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on PPG shares. Bank of America cut their target price on shares of PPG Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Mizuho cut their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Barclays cut their target price on shares of PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Citigroup cut their target price on shares of PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada cut their target price on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.93.

Insider Transactions at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the sale, the vice president now directly owns 13,454 shares in the company, valued at $1,692,513.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

PPG Industries Stock Down 0.4 %

PPG opened at $125.52 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a fifty-two week low of $118.07 and a fifty-two week high of $151.16. The firm’s fifty day moving average is $127.72 and its 200 day moving average is $128.03. The stock has a market cap of $29.12 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26.

PPG Industries (NYSE:PPG) last released its earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). The firm had revenue of $4.58 billion for the quarter, compared to analysts’ expectations of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 EPS. On average, sell-side analysts forecast that PPG Industries, Inc. will post 8.18 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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

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.