Blue Trust Inc. Sells 1,865 Shares of PPG Industries, Inc. (NYSE:PPG)

Blue Trust Inc. decreased its position in PPG Industries, Inc. (NYSE:PPG) by 51.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,768 shares of the specialty chemicals company’s stock after selling 1,865 shares during the quarter. Blue Trust Inc.’s holdings in PPG Industries were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PPG. Legend Financial Advisors Inc. bought a new position in PPG Industries in the fourth quarter valued at about $27,000. Pin Oak Investment Advisors Inc. increased its position in PPG Industries by 465.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in PPG Industries in the third quarter worth about $34,000. Albion Financial Group UT purchased a new stake in PPG Industries in the fourth quarter worth about $38,000. Finally, Hara Capital LLC purchased a new stake in PPG Industries in the third quarter worth about $40,000. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Citigroup reduced their price target 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. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group decreased their target price on PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, PPG Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.15.

PPG Industries Stock Performance

NYSE:PPG opened at $116.82 on Thursday. 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, Inc. has a 1 year low of $110.20 and a 1 year high of $145.60. The stock’s 50 day simple moving average is $118.60 and its two-hundred day simple moving average is $123.29. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.19 and a beta of 1.23.

PPG Industries (NYSE:PPG) last released its quarterly earnings data 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 return on equity of 23.78% and a net margin of 6.41%. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries 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 completion of the transaction, the chief executive officer now owns 35,833 shares in the company, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.