Sienna Gestion Decreases Stock Position in PPG Industries, Inc. (NYSE:PPG)

Sienna Gestion lowered its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 94.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,331 shares of the specialty chemicals company's stock after selling 76,792 shares during the period. Sienna Gestion's holdings in PPG Industries were worth $517,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PPG. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries in the fourth quarter worth about $27,000. Pin Oak Investment Advisors Inc. grew its stake in shares of PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of PPG Industries in the fourth quarter worth about $38,000. Crews Bank & Trust bought a new stake in shares of PPG Industries in the fourth quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of PPG Industries in the fourth quarter worth about $44,000. 81.86% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the business'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 value of $568,080.00. Following the completion of the transaction, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PPG shares. Mizuho cut their target price on PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada cut their target price on PPG Industries from $128.00 to $120.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 4th. KeyCorp cut PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. UBS Group cut their price objective on PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Citigroup cut their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $138.15.

PPG Industries Stock Down 0.3 %

Shares of PPG traded down $0.33 during mid-day trading on Tuesday, reaching $113.51. The company had a trading volume of 1,368,473 shares, compared to its average volume of 1,616,618. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The firm has a 50-day moving average price of $116.33 and a 200 day moving average price of $122.16. PPG Industries, Inc. has a 52 week low of $109.15 and a 52 week high of $145.61. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth 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 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%. On average, sell-side analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.40%. PPG Industries's payout ratio is currently 57.51%.

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.