WBH Advisory Inc. Sells 200 Shares of PPG Industries, Inc. (NYSE:PPG)

WBH Advisory Inc. cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the specialty chemicals company’s stock after selling 200 shares during the period. WBH Advisory Inc.’s holdings in PPG Industries were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PUREfi Wealth LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at about $279,000. PFW Advisors LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at about $868,000. Equity Investment Corp lifted its holdings in shares of PPG Industries by 7.0% in the third quarter. Equity Investment Corp now owns 649,301 shares of the specialty chemicals company’s stock valued at $86,006,000 after purchasing an additional 42,380 shares in the last quarter. JGP Wealth Management LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at about $4,050,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of PPG Industries by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock valued at $340,654,000 after purchasing an additional 15,161 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of NYSE PPG opened at $117.75 on Tuesday. The firm has a market cap of $27.32 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. 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, Inc. has a 1-year low of $110.20 and a 1-year high of $145.60. The business’s 50 day moving average is $119.02 and its 200-day moving average is $123.42.

PPG Industries (NYSE:PPG) last announced its earnings results 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 return on equity of 23.78% and a net margin of 6.41%. Equities research analysts predict that PPG Industries, Inc. will post 7.96 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.31%. PPG Industries’s dividend payout ratio (DPR) is currently 57.51%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PPG shares. Citigroup dropped their target price on 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 dropped their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft dropped their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, UBS Group dropped their target price on PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and a consensus price target 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.