Monte Financial Group LLC Has $3.31 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Monte Financial Group LLC boosted its stake in PPG Industries, Inc. (NYSE:PPG) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,688 shares of the specialty chemicals company’s stock after buying an additional 432 shares during the quarter. Monte Financial Group LLC’s holdings in PPG Industries were worth $3,307,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CFS Investment Advisory Services LLC raised its stake in shares of PPG Industries by 3.4% during the 4th quarter. CFS Investment Advisory Services LLC now owns 7,790 shares of the specialty chemicals company’s stock valued at $931,000 after purchasing an additional 257 shares during the period. Sachetta LLC lifted its stake in shares of PPG Industries by 18.4% in the 4th quarter. Sachetta LLC now owns 675 shares of the specialty chemicals company’s stock valued at $81,000 after acquiring an additional 105 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of PPG Industries by 6.7% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 415,861 shares of the specialty chemicals company’s stock valued at $49,525,000 after purchasing an additional 26,027 shares during the period. Brighton Jones LLC grew its holdings in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 339 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of PPG Industries by 1,527.1% in the fourth quarter. Avior Wealth Management LLC now owns 5,288 shares of the specialty chemicals company’s stock worth $632,000 after buying an additional 4,963 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PPG has been the topic of several recent analyst reports. Mizuho cut their target price on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Royal Bank of Canada cut their target price on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 22nd. StockNews.com downgraded shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $155.00 target price (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and a consensus price target of $149.23.

PPG Industries Price Performance

Shares of NYSE PPG opened at $122.75 on Friday. The company has a 50 day moving average of $121.17 and a 200 day moving average of $124.70. PPG Industries, Inc. has a twelve month low of $113.00 and a twelve month high of $145.60. The firm has a market cap of $28.48 billion, a P/E ratio of 19.45, a PEG ratio of 1.93 and a beta of 1.24. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.22%. PPG Industries’s dividend payout ratio (DPR) is currently 43.11%.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the sale, the vice president now directly owns 13,454 shares of the company’s stock, valued at $1,692,513.20. This represents a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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.