PPG Industries, Inc. (NYSE:PPG) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,000 shares of the specialty chemicals company’s stock after selling 508 shares during the quarter. Kessler Investment Group LLC’s holdings in PPG Industries were worth $478,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Nations Financial Group Inc. IA ADV lifted its holdings in PPG Industries by 3.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 6,403 shares of the specialty chemicals company’s stock worth $765,000 after purchasing an additional 193 shares during the period. PUREfi Wealth LLC acquired a new stake in PPG Industries in the fourth quarter worth about $279,000. V Square Quantitative Management LLC lifted its holdings in PPG Industries by 11.2% in the 4th quarter. V Square Quantitative Management LLC now owns 5,626 shares of the specialty chemicals company’s stock valued at $672,000 after acquiring an additional 566 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in PPG Industries by 95.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 3,586 shares of the specialty chemicals company’s stock valued at $428,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Northern Financial Advisors Inc acquired a new stake in PPG Industries in the 4th quarter valued at about $350,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. KeyCorp downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. StockNews.com downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group cut their price target on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Mizuho cut their price target on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $138.15.

PPG Industries Price Performance

Shares of PPG opened at $117.75 on Friday. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.97 and a beta of 1.23. PPG Industries, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $145.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The business’s 50-day moving average is $119.18 and its 200-day moving average is $123.54.

PPG Industries (NYSE:PPG) last issued its earnings results 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%. Equities research analysts expect that PPG Industries, Inc. will post 7.96 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders 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 dividend yield of 2.31%. PPG Industries’s dividend 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.