Blue Trust Inc. Boosts Stock Position in PPG Industries, Inc. (NYSE:PPG)

Blue Trust Inc. boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,102 shares of the specialty chemicals company’s stock after purchasing an additional 469 shares during the quarter. Blue Trust Inc.’s holdings in PPG Industries were worth $543,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in shares of PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. raised its position in PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of PPG Industries in the 3rd quarter valued at approximately $34,000. Albion Financial Group UT purchased a new position in shares of PPG Industries in the 4th quarter worth approximately $38,000. Finally, Hara Capital LLC bought a new position in shares of PPG Industries during the 3rd quarter valued at approximately $40,000. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PPG. Citigroup lowered their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. StockNews.com lowered shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. KeyCorp downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 target price (down previously from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.23.

PPG Industries Trading Up 0.3 %

NYSE:PPG opened at $122.79 on Friday. The firm has a 50-day simple moving average of $121.25 and a 200-day simple moving average of $124.58. PPG Industries, Inc. has a one year low of $113.00 and a one year high of $145.60. The firm has a market cap of $28.49 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.93 and a beta of 1.24. 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 (NYSE:PPG) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. Equities analysts anticipate that PPG Industries, Inc. will post 8.15 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be issued a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.22%. PPG Industries’s dividend payout ratio is presently 43.11%.

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.