SVB Wealth LLC Makes New Investment in PPG Industries, Inc. (NYSE:PPG)

SVB Wealth LLC acquired a new stake in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 39,425 shares of the specialty chemicals company’s stock, valued at approximately $4,709,000.

Several other institutional investors also recently modified their holdings of PPG. Legend Financial Advisors Inc. bought a new position in PPG Industries during the fourth quarter worth about $27,000. Pin Oak Investment Advisors Inc. lifted its position in shares of PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of PPG Industries during the 3rd quarter worth approximately $34,000. Hara Capital LLC acquired a new position in shares of PPG Industries during the 3rd quarter worth approximately $40,000. Finally, Albion Financial Group UT bought a new stake in PPG Industries in the 4th quarter valued at $38,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares in the company, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

PPG Industries Stock Performance

NYSE:PPG opened at $112.99 on Friday. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.19 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 quick ratio of 1.13 and a current ratio of 1.58. The stock has a fifty day moving average price of $117.57 and a 200-day moving average price of $123.07.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.41%. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PPG. Citigroup decreased their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. The Goldman Sachs Group decreased their price target on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays restated an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. UBS Group decreased their target price on PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho dropped their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PPG Industries has an average rating of “Moderate Buy” and a consensus target price of $138.15.

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.