Cibc World Markets Corp Has $15.02 Million Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Cibc World Markets Corp boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 296.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,745 shares of the specialty chemicals company's stock after purchasing an additional 94,054 shares during the period. Cibc World Markets Corp owned 0.05% of PPG Industries worth $15,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. GSA Capital Partners LLP lifted its position in PPG Industries by 41.9% during the 3rd quarter. GSA Capital Partners LLP now owns 5,309 shares of the specialty chemicals company's stock worth $703,000 after buying an additional 1,568 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of PPG Industries by 13.0% in the third quarter. OneDigital Investment Advisors LLC now owns 5,895 shares of the specialty chemicals company's stock worth $781,000 after acquiring an additional 677 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of PPG Industries by 7.5% during the third quarter. CIBC Asset Management Inc now owns 34,101 shares of the specialty chemicals company's stock worth $4,517,000 after purchasing an additional 2,382 shares in the last quarter. Empowered Funds LLC raised its position in shares of PPG Industries by 4.4% during the third quarter. Empowered Funds LLC now owns 20,541 shares of the specialty chemicals company's stock worth $2,721,000 after acquiring an additional 868 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in PPG Industries by 57.8% in the third quarter. Natixis Advisors LLC now owns 137,372 shares of the specialty chemicals company's stock valued at $18,196,000 after acquiring an additional 50,326 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

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Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm's stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

PPG Industries Stock Down 0.5 %

Shares of NYSE:PPG traded down $0.51 during trading on Friday, hitting $110.75. 3,145,097 shares of the company's stock traded hands, compared to its average volume of 2,139,559. The company has a 50-day moving average price of $116.15 and a 200-day moving average price of $121.91. PPG Industries, Inc. has a 52 week low of $109.15 and a 52 week high of $145.60. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG - Get Free Report) last announced 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%. As a group, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.

Analyst Ratings Changes

PPG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft 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 Thursday, December 19th. StockNews.com lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. KeyCorp lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. UBS Group cut their price target on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Barclays restated an "equal weight" rating on shares of PPG Industries in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $138.15.

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.