JGP Wealth Management LLC Acquires New Shares in PPG Industries, Inc. (NYSE:PPG)

JGP Wealth Management LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,903 shares of the specialty chemicals company’s stock, valued at approximately $4,050,000.

Several other large investors also recently modified their holdings of the business. Legend Financial Advisors Inc. acquired a new position in PPG Industries during the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. boosted its stake in PPG Industries by 465.1% in 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 during the period. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries in the third quarter valued at about $34,000. Hara Capital LLC bought a new position in shares of PPG Industries during the third quarter worth approximately $40,000. Finally, Ashton Thomas Securities LLC bought a new position in PPG Industries during the 3rd quarter worth $46,000. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Trading Up 1.7 %

PPG opened at $119.52 on Friday. The stock has a market capitalization of $27.73 billion, a PE ratio of 18.94, a P/E/G ratio of 1.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a one year low of $113.00 and a one year high of $145.86. The business’s 50 day moving average price is $121.50 and its 200 day moving average price is $124.86.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.02). The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 8.15 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.28%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

Wall Street Analysts Forecast Growth

PPG has been the subject of several research analyst reports. KeyCorp downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. BMO Capital Markets restated an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Royal Bank of Canada reduced their price target on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 22nd. StockNews.com lowered PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Moderate Buy” and an average price target of $149.29.

Insider Buying and Selling

In related news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the completion of the sale, the vice president now owns 13,454 shares of the company’s stock, valued at $1,692,513.20. This represents a 12.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

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.