VSM Wealth Advisory LLC Acquires New Position in PPG Industries, Inc. (NYSE:PPG)

VSM Wealth Advisory LLC bought a new position in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 688 shares of the specialty chemicals company’s stock, valued at approximately $82,000.

A number of other institutional investors also recently modified their holdings of PPG. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries in the 4th quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Albion Financial Group UT acquired a new stake in shares of PPG Industries in the 4th quarter valued at $38,000. Crews Bank & Trust bought a new stake in PPG Industries in the fourth quarter worth $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in PPG Industries during the fourth quarter worth $44,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insider Activity

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the transaction, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at $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 available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $113.11 on Thursday. PPG Industries, Inc. has a twelve month low of $109.15 and a twelve month high of $145.61. 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 firm has a market cap of $25.67 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The firm’s 50-day simple moving average is $116.23 and its 200-day simple moving average is $121.98.

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

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were issued a dividend of $0.68 per share. The ex-dividend date was Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.40%. PPG Industries’s payout ratio is presently 57.51%.

Analysts Set New Price Targets

PPG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Argus downgraded PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Citigroup cut their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Barclays reissued an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” 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.