PPG Industries, Inc. (NYSE:PPG) Stock Holdings Lifted by TIAA Trust National Association

TIAA Trust National Association increased its position in PPG Industries, Inc. (NYSE:PPG) by 18.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,561 shares of the specialty chemicals company’s stock after purchasing an additional 3,078 shares during the period. TIAA Trust National Association’s holdings in PPG Industries were worth $2,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPG. Cerity Partners LLC boosted its stake in shares of PPG Industries by 11.1% during the 3rd quarter. Cerity Partners LLC now owns 47,279 shares of the specialty chemicals company’s stock worth $6,263,000 after acquiring an additional 4,705 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in PPG Industries by 1.3% during the third quarter. Kingsview Wealth Management LLC now owns 8,185 shares of the specialty chemicals company’s stock worth $1,084,000 after buying an additional 107 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in PPG Industries by 30.3% in the third quarter. Daiwa Securities Group Inc. now owns 37,292 shares of the specialty chemicals company’s stock valued at $4,940,000 after acquiring an additional 8,670 shares during the period. Independent Advisor Alliance raised its holdings in shares of PPG Industries by 4.5% in the 3rd quarter. Independent Advisor Alliance now owns 9,702 shares of the specialty chemicals company’s stock worth $1,285,000 after buying an additional 417 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in PPG Industries by 13.5% during the third quarter. Bank of Montreal Can now owns 346,860 shares of the specialty chemicals company’s stock worth $46,673,000 after acquiring an additional 41,167 shares in the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Trading Up 0.1 %

Shares of PPG stock opened at $111.88 on Thursday. PPG Industries, Inc. has a 1-year low of $108.25 and a 1-year high of $145.61. 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 stock has a market cap of $25.39 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.19 and a beta of 1.22. The stock has a 50-day moving average of $115.85 and a 200-day moving average of $121.45.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 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, equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.43%. PPG Industries’s payout ratio is 57.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PPG shares. Argus lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Citigroup reduced their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus price target of $138.15.

Insider Buying and Selling at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

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.