CGN Advisors LLC Invests $1.28 Million in PPG Industries, Inc. (NYSE:PPG)

CGN Advisors LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,709 shares of the specialty chemicals company's stock, valued at approximately $1,279,000.

Other large investors also recently modified their holdings of the company. Insight Folios Inc increased its stake in PPG Industries by 3.8% in the third quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company's stock valued at $294,000 after acquiring an additional 81 shares during the last quarter. Alpha DNA Investment Management LLC increased its stake in shares of PPG Industries by 1.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company's stock valued at $1,105,000 after purchasing an additional 92 shares during the last quarter. Groupama Asset Managment raised its holdings in shares of PPG Industries by 1.2% during the 3rd quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company's stock worth $1,027,000 after buying an additional 93 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of PPG Industries by 1.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,185 shares of the specialty chemicals company's stock worth $1,084,000 after buying an additional 107 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in PPG Industries by 3.6% in the third quarter. Global X Japan Co. Ltd. now owns 3,369 shares of the specialty chemicals company's stock valued at $446,000 after buying an additional 116 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com downgraded PPG Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 20th. BMO Capital Markets reiterated 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. Citigroup cut their target price on shares of PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. KeyCorp downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Finally, Mizuho cut their price objective on PPG Industries from $160.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $149.29.

PPG Industries Trading Up 0.5 %

NYSE:PPG traded up $0.54 on Friday, reaching $120.14. 2,686,240 shares of the stock traded hands, compared to its average volume of 1,764,164. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 1-year low of $113.00 and a 1-year high of $145.86. The company's 50 day moving average is $121.26 and its 200-day moving average is $124.80. The firm has a market capitalization of $27.87 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24.

PPG Industries (NYSE:PPG - Get Free Report) last posted 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 firm had revenue of $4.58 billion for 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%. The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. Equities research analysts anticipate that PPG Industries, Inc. will post 8.15 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 43.11%.

Insider Activity

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the sale, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is 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.