SRS Capital Advisors Inc. Has $158,000 Position in PPG Industries, Inc. (NYSE:PPG)

SRS Capital Advisors Inc. boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 114.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,325 shares of the specialty chemicals company’s stock after buying an additional 708 shares during the period. SRS Capital Advisors Inc.’s holdings in PPG Industries were worth $158,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of PPG Industries in the 4th quarter worth $134,000. Bridges Investment Management Inc. lifted its stake in PPG Industries by 107.1% in the fourth quarter. Bridges Investment Management Inc. now owns 13,502 shares of the specialty chemicals company’s stock valued at $1,613,000 after buying an additional 6,982 shares during the period. Metis Global Partners LLC boosted its holdings in PPG Industries by 8.7% during the fourth quarter. Metis Global Partners LLC now owns 14,556 shares of the specialty chemicals company’s stock worth $1,739,000 after buying an additional 1,160 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of PPG Industries during the 4th quarter worth about $4,709,000. Finally, QRG Capital Management Inc. increased its stake in shares of PPG Industries by 3.9% in the 4th quarter. QRG Capital Management Inc. now owns 11,644 shares of the specialty chemicals company’s stock valued at $1,391,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PPG. UBS Group reduced their price objective on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada decreased their price target on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a report on Tuesday, February 4th. Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. Citigroup decreased their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, Mizuho dropped their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.15.

Insider Buying and Selling

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

PPG Industries Trading Up 4.5 %

NYSE:PPG opened at $114.18 on Thursday. The company has a market cap of $25.91 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a twelve month low of $109.15 and a twelve month high of $145.61. The business has a 50 day moving average price of $117.04 and a two-hundred day moving average price of $122.87. 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 announced its earnings results 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 23.78% and a net margin of 6.41%. As a group, analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, February 21st. PPG Industries’s dividend payout ratio is currently 57.51%.

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.