Nicholson Wealth Management Group LLC Purchases 7,855 Shares of PPG Industries, Inc. (NYSE:PPG)

Nicholson Wealth Management Group LLC grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 164.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,636 shares of the specialty chemicals company's stock after purchasing an additional 7,855 shares during the period. Nicholson Wealth Management Group LLC's holdings in PPG Industries were worth $1,509,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PPG. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries in the fourth quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries in the third quarter worth $34,000. Albion Financial Group UT purchased a new stake in shares of PPG Industries during the fourth quarter worth $38,000. Finally, Hara Capital LLC acquired a new position in PPG Industries in the 3rd quarter worth about $40,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm's stock in a transaction 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 in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company's stock.

PPG Industries Stock Performance

NYSE:PPG traded up $0.68 during trading hours on Tuesday, hitting $114.21. 1,032,305 shares of the company traded hands, compared to its average volume of 2,051,469. The firm has a 50-day moving average of $118.11 and a 200 day moving average of $123.24. PPG Industries, Inc. has a twelve month low of $110.20 and a twelve month high of $145.60. 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 stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 24.11, a P/E/G 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 earnings per share 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%. On average, analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.38%. PPG Industries's dividend payout ratio is currently 57.51%.

Wall Street Analysts Forecast Growth

PPG has been the subject of several recent research reports. Citigroup lowered their price target on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. Barclays restated an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. JPMorgan Chase & Co. cut shares of PPG Industries from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $145.00 to $115.00 in a report on Wednesday, February 12th. KeyCorp lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Finally, Mizuho decreased 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.15.

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.