Rodgers Brothers Inc. Has $8.46 Million Stake in PPG Industries, Inc. (NYSE:PPG)

Rodgers Brothers Inc. lowered its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,803 shares of the specialty chemicals company's stock after selling 2,760 shares during the period. PPG Industries comprises 1.1% of Rodgers Brothers Inc.'s holdings, making the stock its 22nd biggest holding. Rodgers Brothers Inc.'s holdings in PPG Industries were worth $8,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the fourth quarter valued at approximately $27,000. Prudent Man Investment Management Inc. purchased a new position in PPG Industries during the 4th quarter worth approximately $36,000. Albion Financial Group UT acquired a new stake in PPG Industries during the 4th quarter valued at $38,000. Crews Bank & Trust purchased a new stake in shares of PPG Industries in the fourth quarter valued at $42,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of PPG Industries in the fourth quarter worth $44,000. 81.86% of the stock is currently owned by institutional investors.

Insider Transactions at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm's stock in a transaction that occurred 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 owns 35,833 shares of the company's stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

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PPG Industries Stock Performance

Shares of PPG stock traded down $6.09 during trading on Thursday, reaching $104.02. The company had a trading volume of 2,226,562 shares, compared to its average volume of 1,744,988. PPG Industries, Inc. has a one year low of $103.93 and a one year high of $143.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The firm's 50 day simple moving average is $114.61 and its two-hundred day simple moving average is $120.85. The company has a market capitalization of $23.61 billion, a PE ratio of 21.99, a PEG ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) 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%. Sell-side analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, February 21st. PPG Industries's dividend payout ratio is currently 57.51%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup dropped 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 Wednesday, December 18th. Mizuho reduced their price target on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. KeyCorp downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Barclays reaffirmed an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $137.77.

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.