Northern Financial Advisors Inc Buys Shares of 2,931 PPG Industries, Inc. (NYSE:PPG)

Northern Financial Advisors Inc bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,931 shares of the specialty chemicals company's stock, valued at approximately $350,000.

Other hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries during the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. boosted its position 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of PPG Industries during the 3rd quarter valued at about $34,000. Albion Financial Group UT bought a new stake in shares of PPG Industries during the 4th quarter valued at about $38,000. Finally, Hara Capital LLC bought a new stake in shares of PPG Industries during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Trading Up 1.3 %

PPG Industries stock traded up $1.51 during trading hours on Tuesday, reaching $119.26. The company had a trading volume of 1,550,166 shares, compared to its average volume of 2,120,747. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a 12-month low of $110.20 and a 12-month high of $145.60. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.97 and a beta of 1.23. The company has a 50-day moving average price of $118.84 and a 200 day moving average price of $123.36.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. Equities analysts forecast that PPG Industries, Inc. will post 7.96 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be paid 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 2.28%. PPG Industries's payout ratio is 57.51%.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company'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 sale, the chief executive officer now directly owns 35,833 shares of the company's stock, valued at $4,240,835.55. This 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 at this link. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PPG. The Goldman Sachs Group dropped their price target on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. StockNews.com downgraded PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company dropped their target price on PPG Industries from $150.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. KeyCorp downgraded PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Finally, UBS Group dropped their target price on PPG Industries from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.