Kelman Lazarov Inc. Makes New $512,000 Investment in PPG Industries, Inc. (NYSE:PPG)

Kelman Lazarov Inc. acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,283 shares of the specialty chemicals company's stock, valued at approximately $512,000.

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

Insider Activity at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the transaction, the chief executive officer now directly owns 35,833 shares of the company's stock, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research firms have recently issued reports on PPG. Barclays restated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Seaport Res Ptn downgraded PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reduced their target price on shares of PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 4th. Finally, KeyCorp cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $132.31.

PPG Industries Price Performance

NYSE:PPG traded down $1.73 during trading hours on Tuesday, hitting $99.75. The company's stock had a trading volume of 713,970 shares, compared to its average volume of 1,793,363. The stock has a fifty day simple moving average of $110.61 and a 200-day simple moving average of $118.75. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $22.64 billion, a P/E ratio of 21.09, a PEG ratio of 2.19 and a beta of 1.16.

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 for the quarter, missing analysts' consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, February 21st. PPG Industries's payout ratio is presently 57.51%.

About PPG Industries

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.