Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,189 Shares of PPG Industries, Inc. (NYSE:PPG)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group reduced its position in PPG Industries, Inc. (NYSE:PPG) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,374 shares of the specialty chemicals company’s stock after selling 1,189 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in PPG Industries were worth $1,120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of PPG Industries in the 4th quarter worth $315,000. Truvestments Capital LLC raised its position in PPG Industries by 13.3% in the 4th quarter. Truvestments Capital LLC now owns 1,657 shares of the specialty chemicals company’s stock valued at $198,000 after buying an additional 194 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in PPG Industries by 14.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,995 shares of the specialty chemicals company’s stock valued at $716,000 after buying an additional 738 shares during the last quarter. HighTower Advisors LLC raised its position in PPG Industries by 8.8% in the 4th quarter. HighTower Advisors LLC now owns 81,394 shares of the specialty chemicals company’s stock valued at $9,723,000 after buying an additional 6,557 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in PPG Industries by 256.2% in the 4th quarter. Wealthfront Advisers LLC now owns 23,761 shares of the specialty chemicals company’s stock valued at $2,838,000 after buying an additional 17,090 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction dated 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 sale, the chief executive officer now owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

PPG Industries Trading Down 2.1 %

Shares of PPG opened at $111.00 on Thursday. The business has a 50-day moving average of $116.45 and a 200 day moving average of $122.50. PPG Industries, Inc. has a fifty-two week low of $109.15 and a fifty-two week high of $145.61. The firm has a market cap of $25.19 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.22. 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) last announced its quarterly earnings data 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%. As a group, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company 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 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is currently 57.51%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PPG shares. JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $145.00 to $115.00 in a research report on Wednesday, February 12th. Citigroup lowered 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. The Goldman Sachs Group lowered their price target on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Seaport Res Ptn lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, UBS Group lowered their price target on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $138.15.

PPG Industries 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.