PPG Industries, Inc. (NYSE:PPG) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC reduced its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,101 shares of the specialty chemicals company’s stock after selling 504 shares during the period. EntryPoint Capital LLC’s holdings in PPG Industries were worth $370,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PPG. Legend Financial Advisors Inc. purchased a new stake in PPG Industries in the 4th quarter valued at $27,000. Pin Oak Investment Advisors Inc. boosted its position 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 acquiring an additional 200 shares during the last quarter. Albion Financial Group UT purchased a new stake in shares of PPG Industries in the fourth quarter valued at about $38,000. Crews Bank & Trust acquired a new stake in PPG Industries during the fourth quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC purchased a new position in PPG Industries during the fourth quarter worth about $44,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG Industries stock opened at $111.88 on Thursday. 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, Inc. has a 52-week low of $108.25 and a 52-week high of $145.61. The firm has a market cap of $25.39 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. The company’s 50 day moving average is $115.85 and its two-hundred day moving average is $121.45.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were paid 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 2.43%. PPG Industries’s payout ratio is 57.51%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PPG shares. Argus cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Citigroup lowered their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada reduced their price objective on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 4th. Finally, Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $138.15.

Insider Activity at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. This represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

About PPG Industries

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.