Union Bancaire Privee UBP SA Takes Position in PPG Industries, Inc. (NYSE:PPG)

Union Bancaire Privee UBP SA bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,125 shares of the specialty chemicals company's stock, valued at approximately $2,543,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in PPG Industries during the 4th quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. grew its position in PPG Industries by 465.1% in the third 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the third quarter valued at approximately $34,000. Hara Capital LLC acquired a new stake in PPG Industries in the third quarter valued at approximately $40,000. Finally, Albion Financial Group UT acquired a new stake in PPG Industries in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Performance

PPG traded up $0.68 during trading hours on Wednesday, hitting $115.07. 1,450,649 shares of the stock were exchanged, compared to its average volume of 2,070,461. The stock has a 50-day simple moving average of $117.83 and a 200-day simple moving average of $123.15. PPG Industries, Inc. has a 12 month low of $110.20 and a 12 month high of $145.60. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. 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 - Get Free Report) last posted its 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%. Analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries's payout ratio is 57.51%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PPG. JPMorgan Chase & Co. downgraded shares of PPG Industries from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $145.00 to $115.00 in a research report on Wednesday, February 12th. Royal Bank of Canada lowered 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. The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Mizuho reduced their target price on PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.15.

Insider Buying and Selling at PPG Industries

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 approximately $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 SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company 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.