Nations Financial Group Inc. IA ADV Buys 823 Shares of PPG Industries, Inc. (NYSE:PPG)

Nations Financial Group Inc. IA ADV increased its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,210 shares of the specialty chemicals company’s stock after buying an additional 823 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in PPG Industries were worth $823,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PPG. Financial Connections Group Inc. bought a new position in shares of PPG Industries during the second quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in shares of PPG Industries during the 3rd quarter worth approximately $34,000. Rothschild Investment LLC bought a new position in shares of PPG Industries in the second quarter valued at approximately $37,000. Hara Capital LLC bought a new position in shares of PPG Industries in the third quarter valued at approximately $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of PPG Industries during the third quarter valued at approximately $46,000. 81.86% of the stock is currently owned by institutional investors.

Insider Activity at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the transaction, the vice president now owns 13,454 shares of the company’s stock, valued at $1,692,513.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by insiders.

PPG Industries Stock Down 2.8 %

PPG stock opened at $121.75 on Wednesday. PPG Industries, Inc. has a twelve month low of $118.07 and a twelve month high of $151.16. The firm has a market capitalization of $28.25 billion, a PE ratio of 19.29, a PEG ratio of 1.93 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of $127.64 and a two-hundred day simple moving average of $127.99.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS 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 revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 earnings per share. On average, equities analysts predict that PPG Industries, Inc. will post 8.18 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 12th. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

Analysts Set New Price Targets

PPG has been the subject of a number of recent analyst reports. KeyCorp reduced their price objective on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Mizuho reduced their price target 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. BMO Capital Markets restated an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. UBS Group boosted their target price on shares of PPG Industries from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Barclays decreased their price target on shares of PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $149.93.

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.