PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,214 shares of the specialty chemicals company's stock after buying an additional 5,276 shares during the quarter. Blair William & Co. IL's holdings in PPG Industries were worth $2,176,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PPG. PUREfi Wealth LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $279,000. PFW Advisors LLC acquired a new position in PPG Industries during the 4th quarter worth approximately $868,000. JGP Wealth Management LLC bought a new position in shares of PPG Industries in the 4th quarter worth $4,050,000. Vanguard Group Inc. lifted its stake in shares of PPG Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock valued at $3,508,210,000 after buying an additional 756,937 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of PPG Industries in the fourth quarter worth approximately $2,944,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm'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 transaction of $568,080.00. Following the completion of the sale, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

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PPG Industries Stock Performance

Shares of NYSE PPG traded down $6.09 during midday trading on Thursday, reaching $104.02. 2,229,928 shares of the stock were exchanged, compared to its average volume of 1,747,246. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $114.61 and a two-hundred day simple moving average of $120.85. PPG Industries, Inc. has a twelve month low of $103.93 and a twelve month high of $143.98. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.19 and a beta of 1.22.

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 (EPS) 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%. As a group, analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were paid a dividend of $0.68 per share. The ex-dividend date was Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.61%. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.

Analysts Set New Price Targets

A number of research analysts have issued reports on PPG shares. Deutsche Bank Aktiengesellschaft reduced their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $135.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday. Royal Bank of Canada cut their price target on PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a report on Tuesday, February 4th. StockNews.com lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $137.77.

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.