Capital Investment Advisors LLC Sells 17,900 Shares of PPG Industries, Inc. (NYSE:PPG)

Capital Investment Advisors LLC cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 27.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,811 shares of the specialty chemicals company's stock after selling 17,900 shares during the quarter. Capital Investment Advisors LLC's holdings in PPG Industries were worth $5,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its position in PPG Industries by 2,153.3% during the 2nd quarter. Acadian Asset Management LLC now owns 6,512 shares of the specialty chemicals company's stock valued at $818,000 after purchasing an additional 6,223 shares during the period. American Century Companies Inc. lifted its position in PPG Industries by 176.4% in the second quarter. American Century Companies Inc. now owns 226,215 shares of the specialty chemicals company's stock worth $28,478,000 after purchasing an additional 144,357 shares during the period. Oppenheimer & Co. Inc. boosted its stake in PPG Industries by 0.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,278 shares of the specialty chemicals company's stock valued at $3,434,000 after purchasing an additional 206 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of PPG Industries by 5.4% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,607 shares of the specialty chemicals company's stock valued at $1,461,000 after purchasing an additional 595 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in PPG Industries by 20.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,012 shares of the specialty chemicals company's stock worth $276,576,000 after acquiring an additional 368,410 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

PPG Industries stock traded up $1.66 during midday trading on Tuesday, reaching $116.46. 1,891,884 shares of the company's stock were exchanged, compared to its average volume of 2,073,135. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The stock's 50-day simple moving average is $121.83 and its 200 day simple moving average is $124.98. The firm has a market cap of $27.02 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.90 and a beta of 1.24. PPG Industries, Inc. has a 52 week low of $113.00 and a 52 week high of $145.86.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. During the same quarter last year, the firm earned $2.07 EPS. PPG Industries's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect that PPG Industries, Inc. will post 8.18 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.34%. The ex-dividend date was Tuesday, November 12th. PPG Industries's dividend payout ratio (DPR) is currently 43.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PPG shares. Royal Bank of Canada cut their target price on PPG Industries from $138.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 22nd. Mizuho reduced their price target on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price objective (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. StockNews.com downgraded shares of PPG Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.29.

Insider Activity

In related news, VP Anne M. Foulkes sold 1,985 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the transaction, the vice president now directly owns 13,454 shares of the company's stock, valued at approximately $1,692,513.20. This represents a 12.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

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.