Evergreen Capital Management LLC Purchases 29,146 Shares of PPG Industries, Inc. (NYSE:PPG)

Evergreen Capital Management LLC raised its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 551.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,435 shares of the specialty chemicals company's stock after purchasing an additional 29,146 shares during the period. Evergreen Capital Management LLC's holdings in PPG Industries were worth $4,113,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new position in PPG Industries in the 4th quarter worth $27,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PPG Industries in the fourth quarter valued at about $36,000. Albion Financial Group UT bought a new position in shares of PPG Industries in the fourth quarter worth about $38,000. Crews Bank & Trust bought a new stake in shares of PPG Industries in the fourth quarter valued at approximately $42,000. Finally, Sugar Maple Asset Management LLC bought a new position in PPG Industries during the fourth quarter worth $44,000. Institutional investors own 81.86% of the company's stock.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research reports. Citigroup reduced their price target on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com cut PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Bank of America reaffirmed a "neutral" rating and set a $126.00 price objective (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $132.31.

PPG Industries Price Performance

Shares of PPG Industries stock traded up $2.12 during trading on Tuesday, reaching $101.52. The company's stock had a trading volume of 157,580 shares, compared to its average volume of 2,296,868. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The stock has a 50-day moving average price of $109.07 and a two-hundred day moving average price of $117.68. 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 stock has a market capitalization of $23.04 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16.

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

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.68%. PPG Industries's payout ratio is presently 57.51%.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the business's stock in a transaction dated Friday, February 14th. The stock was 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 in the company, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company's stock.

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.