PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,700 shares of the specialty chemicals company's stock after buying an additional 3,300 shares during the quarter. Forsta AP Fonden's holdings in PPG Industries were worth $13,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PPG. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the fourth quarter valued at about $27,000. Pin Oak Investment Advisors Inc. lifted its stake in PPG Industries by 465.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries during the 3rd quarter worth approximately $34,000. Albion Financial Group UT purchased a new stake in shares of PPG Industries in the fourth quarter valued at approximately $38,000. Finally, Hara Capital LLC acquired a new stake in shares of PPG Industries in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.1 %

Shares of PPG traded down $0.13 during mid-day trading on Thursday, reaching $122.25. The company's stock had a trading volume of 643,127 shares, compared to its average volume of 1,966,234. The company's 50 day moving average is $121.25 and its 200 day moving average is $124.58. The stock has a market cap of $28.36 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. PPG Industries, Inc. has a 12-month low of $113.00 and a 12-month high of $145.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries Announces Dividend

The business 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 dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.22%. PPG Industries's dividend payout ratio is presently 43.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PPG shares. Deutsche Bank Aktiengesellschaft reduced their price target on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada cut their price target on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating for the company in a report on Tuesday, October 22nd. Citigroup decreased their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. Mizuho cut their target price on PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. decreased their price target on PPG Industries from $155.00 to $145.00 and set an "overweight" rating on the stock in a research note on Friday, October 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $149.23.

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.