4,237 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,237 shares of the specialty chemicals company’s stock, valued at approximately $505,000.

Several other hedge funds have also recently modified their holdings of PPG. Farther Finance Advisors LLC lifted its holdings in shares of PPG Industries by 14.3% during the third quarter. Farther Finance Advisors LLC now owns 2,445 shares of the specialty chemicals company’s stock worth $324,000 after purchasing an additional 306 shares during the period. Van ECK Associates Corp lifted its holdings in shares of PPG Industries by 15.5% during the third quarter. Van ECK Associates Corp now owns 39,801 shares of the specialty chemicals company’s stock worth $5,026,000 after purchasing an additional 5,329 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of PPG Industries by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 92,171 shares of the specialty chemicals company’s stock worth $12,209,000 after purchasing an additional 586 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of PPG Industries by 79.3% during the third quarter. QRG Capital Management Inc. now owns 11,207 shares of the specialty chemicals company’s stock worth $1,484,000 after purchasing an additional 4,956 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in PPG Industries in the third quarter valued at $89,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Trading Up 4.5 %

PPG Industries stock opened at $114.18 on Thursday. The stock has a market cap of $25.91 billion, a PE ratio of 24.14, a P/E/G ratio of 2.19 and a beta of 1.22. The stock has a 50-day moving average price of $117.04 and a 200 day moving average price of $122.87. PPG Industries, Inc. has a 52 week low of $109.15 and a 52 week high of $145.61. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

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

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PPG. The Goldman Sachs Group reduced their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Mizuho cut their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company cut their price target on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus target price of $138.15.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by company insiders.

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.