PPG Industries, Inc. (NYSE:PPG) is Nan Fung Trinity HK Ltd.'s 9th Largest Position

Nan Fung Trinity HK Ltd. raised its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,500 shares of the specialty chemicals company's stock after acquiring an additional 41,500 shares during the period. PPG Industries makes up 4.2% of Nan Fung Trinity HK Ltd.'s holdings, making the stock its 9th biggest holding. Nan Fung Trinity HK Ltd. owned approximately 0.07% of PPG Industries worth $20,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in PPG Industries by 15.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,322 shares of the specialty chemicals company's stock valued at $2,030,000 after acquiring an additional 2,047 shares during the period. Private Advisor Group LLC boosted its stake in shares of PPG Industries by 6.9% in the third quarter. Private Advisor Group LLC now owns 12,123 shares of the specialty chemicals company's stock valued at $1,606,000 after purchasing an additional 781 shares during the period. International Assets Investment Management LLC grew its holdings in shares of PPG Industries by 189.6% in the third quarter. International Assets Investment Management LLC now owns 426,834 shares of the specialty chemicals company's stock valued at $56,538,000 after purchasing an additional 279,455 shares in the last quarter. Ballentine Partners LLC increased its stake in PPG Industries by 5.2% during the 3rd quarter. Ballentine Partners LLC now owns 6,509 shares of the specialty chemicals company's stock worth $862,000 after buying an additional 322 shares during the period. Finally, Parcion Private Wealth LLC acquired a new stake in PPG Industries during the 3rd quarter worth approximately $296,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 35,833 shares of the company's stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.

PPG Industries Stock Performance

Shares of NYSE PPG traded up $0.68 during trading hours on Wednesday, reaching $115.07. The stock had a trading volume of 1,450,649 shares, compared to its average volume of 2,070,461. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $145.60. The firm has a 50-day moving average of $117.96 and a 200-day moving average of $123.21. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.19 and a beta of 1.23.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 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 research 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, February 21st. PPG Industries's dividend payout ratio is presently 57.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. 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 research report on Thursday, December 19th. Royal Bank of Canada lowered their price objective on 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. Mizuho reduced their target price on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price target on shares of PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, PPG Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.15.

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.