United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $538,000 Investment in PPG Industries, Inc. (NYSE:PPG)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,500 shares of the specialty chemicals company's stock, valued at approximately $538,000.

A number of other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the fourth quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. grew its position in 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 during the last quarter. Albion Financial Group UT acquired a new stake in PPG Industries during the 4th quarter valued at $38,000. Crews Bank & Trust bought a new position in PPG Industries in the 4th quarter valued at $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in PPG Industries in the fourth quarter worth $44,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. downgraded shares of PPG Industries from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $145.00 to $115.00 in a research note on Wednesday, February 12th. UBS Group decreased their price target on shares of PPG Industries from $128.00 to $126.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. KeyCorp cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 16th. Finally, Argus cut PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $138.15.

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Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $4,240,835.55. This represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.33% of the stock is owned by company insiders.

PPG Industries Trading Down 1.0 %

PPG traded down $1.04 during mid-day trading on Friday, hitting $107.32. The stock had a trading volume of 3,315,560 shares, compared to its average volume of 1,723,169. The stock's fifty day simple moving average is $115.37 and its 200-day simple moving average is $121.23. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. PPG Industries, Inc. has a 1-year low of $105.64 and a 1-year high of $145.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 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%. As a group, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal 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 given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.53%. 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.