Commerzbank Aktiengesellschaft FI Buys Shares of 4,237 PPG Industries, Inc. (NYSE:PPG)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,237 shares of the specialty chemicals company's stock, valued at approximately $505,000.

A number of other hedge funds also recently made changes to their positions in PPG. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the 4th quarter valued at $27,000. Pin Oak Investment Advisors Inc. boosted 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 buying an additional 200 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in PPG Industries during the third quarter worth about $34,000. Hara Capital LLC acquired a new stake in shares of PPG Industries during the third quarter worth approximately $40,000. Finally, Albion Financial Group UT bought a new position in shares of PPG Industries in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PPG shares. Wells Fargo & Company decreased their price target on PPG Industries from $150.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. UBS Group decreased their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered PPG Industries from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $145.00 to $115.00 in a research note on Wednesday, February 12th. Mizuho reduced their price target on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $138.15.

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Insider Activity at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the transaction, the chief executive officer now directly owns 35,833 shares of the company's stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

PPG Industries Trading Up 0.1 %

NYSE PPG traded up $0.10 during trading hours on Friday, hitting $115.47. The company's stock had a trading volume of 2,170,716 shares, compared to its average volume of 1,622,129. PPG Industries, Inc. has a twelve month low of $109.15 and a twelve month high of $145.61. The firm has a market capitalization of $26.21 billion, a P/E ratio of 24.41, a PEG ratio of 2.19 and a beta of 1.22. 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 stock has a fifty day moving average of $116.82 and a 200 day moving average of $122.76.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly 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 net margin of 6.41% and a return on equity of 23.78%. Equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal 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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend 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%.

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.