42,377 Shares in PPG Industries, Inc. (NYSE:PPG) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position 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 purchased 42,377 shares of the specialty chemicals company's stock, valued at approximately $5,062,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPG. Horizon Investments LLC increased its position in shares of PPG Industries by 2.3% during the fourth quarter. Horizon Investments LLC now owns 10,313 shares of the specialty chemicals company's stock valued at $1,232,000 after acquiring an additional 232 shares during the last quarter. RD Lewis Holdings Inc. purchased a new position in shares of PPG Industries during the fourth quarter worth $218,000. Flagship Wealth Advisors LLC purchased a new stake in shares of PPG Industries in the 4th quarter valued at $48,000. Signaturefd LLC boosted its holdings in PPG Industries by 2.5% during the 4th quarter. Signaturefd LLC now owns 5,268 shares of the specialty chemicals company's stock valued at $629,000 after acquiring an additional 128 shares during the period. Finally, Cibc World Markets Corp increased its stake in PPG Industries by 296.8% during the fourth quarter. Cibc World Markets Corp now owns 125,745 shares of the specialty chemicals company's stock worth $15,020,000 after purchasing an additional 94,054 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.5 %

PPG traded down $0.51 on Friday, reaching $110.75. The company's stock had a trading volume of 3,145,097 shares, compared to its average volume of 1,616,113. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a fifty-two week low of $109.15 and a fifty-two week high of $145.61. The stock has a 50 day moving average of $116.09 and a two-hundred day moving average of $121.73. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.19 and a beta of 1.22.

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PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate 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, 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. Stockholders of record on Friday, February 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio (DPR) is currently 57.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PPG shares. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. JPMorgan Chase & Co. downgraded shares of PPG Industries from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $145.00 to $115.00 in a research note on Wednesday, February 12th. Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Barclays reissued an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Finally, UBS Group reduced their price target on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of "Hold" and an average target price of $138.15.

Insider Activity

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares of the company's stock, valued at $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.33% of the company's stock.

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.