PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its position in PPG Industries, Inc. (NYSE:PPG) by 54.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444 shares of the specialty chemicals company’s stock after buying an additional 156 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PPG Industries were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PPG. Moneta Group Investment Advisors LLC lifted its holdings in PPG Industries by 163,082.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,157,889 shares of the specialty chemicals company’s stock worth $522,813,000 after buying an additional 4,155,341 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in PPG Industries by 602,706.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,640,291 shares of the specialty chemicals company’s stock worth $331,994,000 after buying an additional 2,639,853 shares in the last quarter. Norges Bank acquired a new position in PPG Industries in the 4th quarter worth $318,155,000. First Trust Advisors LP lifted its holdings in PPG Industries by 280.6% in the 1st quarter. First Trust Advisors LP now owns 1,734,894 shares of the specialty chemicals company’s stock worth $227,393,000 after buying an additional 1,279,104 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in PPG Industries by 41.1% in the 3rd quarter. Invesco Ltd. now owns 3,294,142 shares of the specialty chemicals company’s stock worth $427,580,000 after buying an additional 959,849 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 3,400 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $140.94, for a total value of $479,196.00. Following the completion of the transaction, the chief financial officer now owns 28,439 shares in the company, valued at approximately $4,008,192.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

PPG Industries Price Performance

PPG opened at $130.92 on Friday. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28. PPG Industries, Inc. has a fifty-two week low of $120.32 and a fifty-two week high of $152.89. The company’s 50-day moving average price is $140.36 and its 200 day moving average price is $138.88. The company has a quick ratio of 1.05, a current ratio of 1.47 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, April 18th. The specialty chemicals company reported $1.86 earnings per share for the quarter, hitting the consensus estimate of $1.86. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.43 billion. PPG Industries had a net margin of 7.74% and a return on equity of 23.13%. PPG Industries’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, sell-side analysts expect that PPG Industries, Inc. will post 8.46 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 10th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 9th. PPG Industries’s dividend payout ratio (DPR) is 43.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. KeyCorp cut their price objective on shares of PPG Industries from $167.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Wells Fargo & Company raised shares of PPG Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $163.00 in a research report on Thursday, April 11th. Royal Bank of Canada dropped their target price on shares of PPG Industries from $158.00 to $156.00 and set a “sector perform” rating for the company in a research report on Monday, January 22nd. Barclays downgraded shares of PPG Industries from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $163.00 to $149.00 in a research report on Tuesday, February 27th. Finally, Wolfe Research initiated coverage on shares of PPG Industries in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $158.00.

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.