Bank of Montreal Can Boosts Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Bank of Montreal Can grew its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 398,614 shares of the specialty chemicals company's stock after purchasing an additional 51,754 shares during the period. Bank of Montreal Can owned approximately 0.17% of PPG Industries worth $47,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PPG. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries during the fourth quarter worth $27,000. Prudent Man Investment Management Inc. purchased a new stake in PPG Industries during the 4th quarter worth about $36,000. Albion Financial Group UT bought a new position in PPG Industries in the 4th quarter worth about $38,000. Crews Bank & Trust purchased a new position in PPG Industries during the 4th quarter valued at about $42,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of PPG Industries during the fourth quarter valued at about $44,000. 81.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on PPG shares. Barclays reaffirmed an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered shares of PPG Industries from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $145.00 to $115.00 in a research report on Wednesday, February 12th. KeyCorp downgraded PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. UBS Group reduced their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price target on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $134.15.

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Insider Transactions at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the firm's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company's stock.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $103.37 on Thursday. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. The company has a fifty day moving average of $111.31 and a 200-day moving average of $119.48. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $139.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 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%. Equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.

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.

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