Generali Investments Management Co LLC Makes New Investment in PPG Industries, Inc. (NYSE:PPG)

Generali Investments Management Co LLC acquired a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,187 shares of the specialty chemicals company's stock, valued at approximately $500,000.

Several other institutional investors and hedge funds have also made changes to their positions in PPG. West Tower Group LLC lifted its position in shares of PPG Industries by 61.9% in the 4th quarter. West Tower Group LLC now owns 3,400 shares of the specialty chemicals company's stock valued at $406,000 after acquiring an additional 1,300 shares in the last quarter. VSM Wealth Advisory LLC purchased a new stake in PPG Industries in the 4th quarter worth approximately $82,000. Brooklyn FI LLC purchased a new stake in PPG Industries in the 4th quarter worth approximately $232,000. Enhancing Capital LLC purchased a new stake in PPG Industries in the 4th quarter worth approximately $239,000. Finally, Generali Asset Management SPA SGR purchased a new stake in PPG Industries in the 4th quarter worth approximately $5,062,000. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Trading 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 were exchanged, compared to its average volume of 1,616,113. PPG Industries, Inc. has a 1-year low of $109.15 and a 1-year high of $145.61. The firm has a 50-day moving average price of $116.09 and a two-hundred day moving average price of $121.73. 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 firm has a market cap of $25.14 billion, a P/E ratio of 23.42, a PEG ratio of 2.19 and a beta of 1.22.

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PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (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%. Equities analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 is currently 57.51%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Argus downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. KeyCorp downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price target on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $138.15.

Insider Activity

In other news, CEO Timothy M. Knavish sold 4,800 shares of the company'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 value of $568,080.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.