PPG Industries, Inc. (NYSE:PPG) CEO Timothy M. Knavish Sells 4,800 Shares

PPG Industries, Inc. (NYSE:PPG - Get Free Report) CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated Friday, February 14th. The shares were 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 of the company's stock, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PPG Industries Price Performance

Shares of NYSE:PPG traded down $3.02 during trading on Friday, reaching $114.88. The stock had a trading volume of 2,447,796 shares, compared to its average volume of 2,029,269. The business has a fifty day moving average price of $118.29 and a 200-day moving average price of $123.22. PPG Industries, Inc. has a 1-year low of $110.20 and a 1-year high of $145.60. 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 stock has a market cap of $26.65 billion, a PE ratio of 24.29, a PEG ratio of 2.19 and a beta of 1.23.

PPG Industries (NYSE:PPG - Get Free Report) last issued its 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%. On average, equities analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries's payout ratio is 57.51%.

Analyst Ratings Changes

PPG has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. KeyCorp lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Finally, StockNews.com lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of "Moderate Buy" and an average target price of $138.15.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds have recently added to or reduced their stakes in PPG. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries during the fourth quarter worth approximately $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 worth $32,000 after acquiring an additional 200 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of PPG Industries in the 3rd quarter valued at about $34,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PPG Industries during the 4th quarter worth about $36,000. Finally, Albion Financial Group UT purchased a new stake in PPG Industries during the fourth quarter worth approximately $38,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

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.