Lindbrook Capital LLC Buys 173 Shares of PPG Industries, Inc. (NYSE:PPG)

Lindbrook Capital LLC lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 852 shares of the specialty chemicals company’s stock after purchasing an additional 173 shares during the quarter. Lindbrook Capital LLC’s holdings in PPG Industries were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries during the 4th quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. increased its position in PPG Industries by 465.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new position in PPG Industries in the 3rd quarter valued at approximately $34,000. Hara Capital LLC acquired a new position in PPG Industries in the 3rd quarter valued at approximately $40,000. Finally, Albion Financial Group UT acquired a new position in PPG Industries in the 4th quarter valued at approximately $38,000. 81.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were 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 directly owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PPG shares. Seaport Res Ptn cut shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barclays restated an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Citigroup decreased their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group decreased their price target 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $138.15.

PPG Industries Trading Up 0.1 %

NYSE:PPG opened at $115.47 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock 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. The firm has a fifty day simple moving average of $116.82 and a two-hundred day simple moving average of $122.77. PPG Industries, Inc. has a 12 month low of $109.15 and a 12 month high of $145.61.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results 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 23.78% and a net margin of 6.41%. Analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently declared 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. This represents a $2.72 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, February 21st. PPG Industries’s 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.