PPG Industries, Inc. (NYSE:PPG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 139,051 shares of the specialty chemicals company’s stock after acquiring an additional 1,679 shares during the quarter. Natixis Advisors LLC owned about 0.06% of PPG Industries worth $16,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in shares of PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of 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 buying an additional 200 shares during the period. Albion Financial Group UT acquired a new position in shares of PPG Industries in the 4th quarter valued at about $38,000. Crews Bank & Trust acquired a new position in shares of PPG Industries in the 4th quarter valued at about $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of PPG Industries in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Price Performance

NYSE:PPG opened at $113.51 on Wednesday. PPG Industries, Inc. has a 12 month low of $109.15 and a 12 month high of $145.61. The stock has a 50 day moving average of $116.28 and a two-hundred day moving average of $122.04. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a market cap of $25.76 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) 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%. On average, analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were given a $0.68 dividend. 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 dividend payout ratio (DPR) is presently 57.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Argus cut PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Wells Fargo & Company reduced their price target on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Seaport Res Ptn cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, PPG Industries presently has an average rating of “Hold” and an average price target of $138.15.

Insider Activity

In other news, CEO Timothy M. Knavish sold 4,800 shares of the company’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 value of $568,080.00. Following the completion of the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.33% of the company’s stock.

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.