Banco Santander S.A. Invests $272,000 in PPG Industries, Inc. (NYSE:PPG)

Banco Santander S.A. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,281 shares of the specialty chemicals company's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its stake in shares of PPG Industries by 7.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,940 shares of the specialty chemicals company's stock valued at $2,860,000 after acquiring an additional 1,677 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of PPG Industries by 3.7% in the 4th quarter. Welch & Forbes LLC now owns 4,189 shares of the specialty chemicals company's stock worth $500,000 after buying an additional 150 shares during the last quarter. Lindbrook Capital LLC grew its position in PPG Industries by 25.5% during the fourth quarter. Lindbrook Capital LLC now owns 852 shares of the specialty chemicals company's stock valued at $102,000 after buying an additional 173 shares during the period. Raymond James Financial Inc. purchased a new stake in PPG Industries during the fourth quarter worth about $82,071,000. Finally, Dana Investment Advisors Inc. bought a new stake in PPG Industries in the fourth quarter worth about $1,840,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 completion of the sale, the chief executive officer now 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 legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

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PPG Industries Price Performance

NYSE PPG traded down $1.26 during trading hours on Wednesday, reaching $112.18. 716,230 shares of the stock traded hands, compared to its average volume of 1,623,500. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $116.62 and a two-hundred day simple moving average of $122.58. PPG Industries, Inc. has a 1 year low of $109.15 and a 1 year high of $145.61. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate 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 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.42%. PPG Industries's payout ratio is 57.51%.

Analyst Ratings Changes

PPG has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Citigroup lowered their target price on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. Barclays reiterated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. KeyCorp cut PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Finally, Seaport Res Ptn lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $138.15.

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.