PPG Industries, Inc. (NYSE:PPG) Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. lowered its holdings in PPG Industries, Inc. (NYSE:PPG) by 7.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,439 shares of the specialty chemicals company’s stock after selling 209 shares during the quarter. Aviso Financial Inc.’s holdings in PPG Industries were worth $291,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GSA Capital Partners LLP raised its position in PPG Industries by 41.9% in the third quarter. GSA Capital Partners LLP now owns 5,309 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 1,568 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of PPG Industries by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 607,838 shares of the specialty chemicals company’s stock valued at $80,514,000 after buying an additional 2,971 shares during the period. Aigen Investment Management LP acquired a new position in PPG Industries during the 3rd quarter worth approximately $211,000. Aptus Capital Advisors LLC purchased a new position in PPG Industries in the 3rd quarter worth approximately $326,000. Finally, Victory Capital Management Inc. grew its position in PPG Industries by 13.9% in the third quarter. Victory Capital Management Inc. now owns 457,197 shares of the specialty chemicals company’s stock valued at $60,560,000 after acquiring an additional 55,808 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PPG shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Citigroup dropped 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. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Wells Fargo & Company dropped their price objective on PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $138.15.

PPG Industries Stock Performance

PPG Industries stock opened at $113.65 on Friday. The company has a market cap of $25.80 billion, a PE ratio of 24.03, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 12 month low of $109.15 and a 12 month high of $145.61. The company has a fifty day moving average price of $116.36 and a two-hundred day moving average price of $122.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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%. Research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

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.