GAM Holding AG Invests $1.57 Million in PPG Industries, Inc. (NYSE:PPG)

GAM Holding AG bought a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,122 shares of the specialty chemicals company's stock, valued at approximately $1,567,000.

A number of other large investors have also recently bought and sold shares of the company. Insight Folios Inc raised its position in shares of PPG Industries by 3.8% during the 3rd quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company's stock valued at $294,000 after buying an additional 81 shares during the period. Alpha DNA Investment Management LLC increased its stake in PPG Industries by 1.1% during the third quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company's stock worth $1,105,000 after acquiring an additional 92 shares during the last quarter. Mutual Advisors LLC increased its stake in PPG Industries by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company's stock worth $319,000 after acquiring an additional 92 shares during the last quarter. Groupama Asset Managment raised its position in PPG Industries by 1.2% in the third quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company's stock valued at $1,027,000 after purchasing an additional 93 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of PPG Industries by 28.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company's stock.

Insider Buying and Selling

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm's 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 sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho cut their price objective on PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. KeyCorp cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. UBS Group decreased their price objective on shares of PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Royal Bank of Canada dropped their target price on shares of PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered PPG Industries from an "overweight" rating to a "neutral" rating and cut their target price for the company from $145.00 to $115.00 in a research report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $138.15.

PPG Industries Stock Down 2.6 %

NYSE PPG traded down $3.02 during trading hours on Friday, hitting $114.88. 2,447,796 shares of the company were exchanged, compared to its average volume of 2,029,269. The company has a 50 day moving average of $118.29 and a two-hundred day moving average of $123.25. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.19 and a beta of 1.23. PPG Industries, Inc. has a 52-week low of $110.20 and a 52-week high of $145.60.

PPG Industries (NYSE:PPG - Get Free Report) last released 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 anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.37%. PPG Industries's dividend payout ratio (DPR) is currently 57.51%.

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.