Hantz Financial Services Inc. Sells 1,871 Shares of PPG Industries, Inc. (NYSE:PPG)

Hantz Financial Services Inc. decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,618 shares of the specialty chemicals company’s stock after selling 1,871 shares during the quarter. Hantz Financial Services Inc.’s holdings in PPG Industries were worth $3,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of PPG Industries by 7.0% in the second quarter. Truist Financial Corp now owns 88,698 shares of the specialty chemicals company’s stock valued at $11,166,000 after purchasing an additional 5,818 shares during the period. Sanctuary Advisors LLC bought a new stake in PPG Industries during the 2nd quarter valued at $6,587,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PPG Industries during the second quarter worth $93,000. Czech National Bank boosted its holdings in shares of PPG Industries by 6.0% in the third quarter. Czech National Bank now owns 47,525 shares of the specialty chemicals company’s stock worth $6,295,000 after acquiring an additional 2,674 shares during the period. Finally, Park Avenue Securities LLC grew its position in shares of PPG Industries by 21.0% in the third quarter. Park Avenue Securities LLC now owns 2,129 shares of the specialty chemicals company’s stock valued at $282,000 after purchasing an additional 369 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $122.79 on Friday. The business has a 50 day moving average of $121.25 and a 200 day moving average of $124.58. PPG Industries, Inc. has a 52 week low of $113.00 and a 52 week high of $145.60. The company has a market cap of $28.49 billion, a PE ratio of 19.46, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

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 the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. As a group, equities research analysts forecast that PPG Industries, Inc. will post 8.15 earnings per share for the current year.

PPG Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PPG shares. Royal Bank of Canada dropped their price objective on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 22nd. Citigroup lowered their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. StockNews.com cut shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Mizuho dropped their price objective on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.23.

PPG Industries Company 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.