Vaughan David Investments LLC IL Grows Stake in PPG Industries, Inc. (NYSE:PPG)

Vaughan David Investments LLC IL boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,371 shares of the specialty chemicals company's stock after purchasing an additional 8,242 shares during the period. Vaughan David Investments LLC IL owned approximately 0.12% of PPG Industries worth $34,446,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PPG. Legend Financial Advisors Inc. acquired a new position in PPG Industries during the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. boosted 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 purchasing an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the 3rd quarter valued at $34,000. Albion Financial Group UT acquired a new position in shares of PPG Industries during the fourth quarter worth about $38,000. Finally, Hara Capital LLC purchased a new stake in shares of PPG Industries in the third quarter worth about $40,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Down 0.5 %

NYSE:PPG traded down $0.53 during mid-day trading on Thursday, hitting $114.51. The company had a trading volume of 461,387 shares, compared to its average volume of 2,027,761. The firm has a market cap of $25.99 billion, a P/E ratio of 24.22, a P/E/G ratio of 2.19 and a beta of 1.23. PPG Industries, Inc. has a fifty-two week low of $110.20 and a fifty-two week high of $145.60. The business's fifty day moving average is $117.83 and its two-hundred day moving average is $123.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.38%. PPG Industries's dividend payout ratio is 57.51%.

Analyst Ratings Changes

PPG has been the topic of several analyst reports. Mizuho dropped their target price on PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. KeyCorp downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 16th. StockNews.com downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on PPG Industries from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their price target on PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.15.

Insiders Place Their Bets

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm'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 approximately $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company's stock.

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.