Regents Gate Capital LLP Invests $2.90 Million in PPG Industries, Inc. (NYSE:PPG)

Regents Gate Capital LLP purchased a new stake in PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 24,254 shares of the specialty chemicals company’s stock, valued at approximately $2,897,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Park Avenue Securities LLC raised its position in shares of PPG Industries by 21.0% during the 3rd quarter. Park Avenue Securities LLC now owns 2,129 shares of the specialty chemicals company’s stock worth $282,000 after purchasing an additional 369 shares during the last quarter. CWM LLC boosted its stake in shares of PPG Industries by 24.7% in the third quarter. CWM LLC now owns 11,886 shares of the specialty chemicals company’s stock worth $1,574,000 after acquiring an additional 2,351 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of PPG Industries by 237.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,498 shares of the specialty chemicals company’s stock worth $198,000 after purchasing an additional 1,054 shares in the last quarter. Ritholtz Wealth Management acquired a new position in PPG Industries in the 3rd quarter valued at $604,000. Finally, Exchange Traded Concepts LLC lifted its holdings in PPG Industries by 156.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the specialty chemicals company’s stock valued at $154,000 after purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the subject of a number of research reports. UBS Group dropped their target price on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Citigroup reduced their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.46.

PPG Industries Trading Down 0.9 %

Shares of PPG stock opened at $114.87 on Monday. PPG Industries, Inc. has a 1-year low of $110.20 and a 1-year high of $145.60. The firm has a market cap of $26.65 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The company has a 50-day moving average of $120.03 and a two-hundred day moving average of $123.82. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries (NYSE:PPG) last posted 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 return on equity of 23.78% and a net margin of 6.41%. On average, analysts predict that PPG Industries, Inc. will post 7.96 EPS for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.37%. PPG Industries’s dividend payout ratio is presently 57.51%.

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.