PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lifted its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 101.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the specialty chemicals company's stock after acquiring an additional 7,550 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in PPG Industries were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PPG. Mutual Advisors LLC lifted its position in shares of PPG Industries by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company's stock valued at $319,000 after buying an additional 92 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of PPG Industries by 28.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 95 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of PPG Industries by 1.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 8,288 shares of the specialty chemicals company's stock valued at $990,000 after purchasing an additional 103 shares during the period. Sachetta LLC raised its position in PPG Industries by 18.4% during the 4th quarter. Sachetta LLC now owns 675 shares of the specialty chemicals company's stock worth $81,000 after buying an additional 105 shares during the last quarter. Finally, Savant Capital LLC lifted its position in PPG Industries by 0.9% during the fourth quarter. Savant Capital LLC now owns 11,779 shares of the specialty chemicals company's stock valued at $1,407,000 after purchasing an additional 107 shares during the period. Institutional investors own 81.86% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PPG shares. Royal Bank of Canada lowered their price objective on PPG Industries from $128.00 to $120.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 4th. Barclays reissued an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of PPG Industries from $130.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. StockNews.com downgraded PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Seaport Res Ptn lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $130.67.

Insiders Place Their Bets

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company's stock.

PPG Industries Stock Up 0.7 %

Shares of NYSE PPG traded up $0.73 during mid-day trading on Tuesday, hitting $103.69. The company had a trading volume of 1,839,833 shares, compared to its average volume of 1,778,544. The business's 50-day simple moving average is $107.54 and its 200 day simple moving average is $116.80. 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, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The company has a market capitalization of $23.54 billion, a PE ratio of 21.92, 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 Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. PPG Industries's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. On average, analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is 57.51%.

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.