Tradewinds LLC. Invests $392,000 in PPG Industries, Inc. (NYSE:PPG)

Tradewinds LLC. acquired 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 13F filing with the SEC. The fund acquired 3,413 shares of the specialty chemicals company's stock, valued at approximately $392,000.

Other hedge funds also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in PPG Industries during the 4th quarter valued at $27,000. Prudent Man Investment Management Inc. bought a new stake in shares of PPG Industries in the fourth quarter valued at about $36,000. Albion Financial Group UT purchased a new stake in PPG Industries in the fourth quarter worth about $38,000. Crews Bank & Trust purchased a new stake in PPG Industries in the fourth quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC purchased a new position in PPG Industries during the 4th quarter valued at about $44,000. Institutional investors own 81.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Seaport Res Ptn lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. UBS Group cut their target price 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. Barclays reaffirmed an "equal weight" rating on shares of PPG Industries in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, PPG Industries currently has an average rating of "Hold" and an average price target of $137.77.

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Insider Buying and Selling

In other 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 transaction, the chief executive officer now owns 35,833 shares of the company's stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

PPG Industries Trading Down 5.5 %

Shares of NYSE PPG traded down $6.09 during trading on Thursday, hitting $104.02. 2,229,928 shares of the company were exchanged, compared to its average volume of 1,747,246. The company has a fifty day moving average price of $114.22 and a 200-day moving average price of $120.73. 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 market capitalization of $23.61 billion, a PE ratio of 21.99, a P/E/G ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 12-month low of $103.93 and a 12-month high of $143.98.

PPG Industries (NYSE:PPG - Get Free Report) last issued its 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%. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm 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. This represents a $2.72 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries's dividend payout ratio is presently 57.51%.

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.