PPG Industries, Inc. (NYSE:PPG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in PPG Industries, Inc. (NYSE:PPG) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,351 shares of the specialty chemicals company’s stock after buying an additional 979 shares during the period. Nisa Investment Advisors LLC’s holdings in PPG Industries were worth $5,537,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in PPG Industries in the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. grew its stake in PPG Industries by 465.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring 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. Hara Capital LLC purchased a new stake in PPG Industries in the 3rd quarter worth $40,000. Finally, Ashton Thomas Securities LLC purchased a new position in PPG Industries during the third quarter valued at $46,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the sale, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. The trade was a 12.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PPG. Citigroup cut their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. StockNews.com lowered PPG Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Royal Bank of Canada dropped their price target on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 22nd. Finally, Mizuho decreased their price objective on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $149.23.

PPG Industries Stock Performance

PPG Industries stock opened at $122.75 on Friday. The stock has a market cap of $28.48 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $121.17 and a 200-day simple moving average of $124.73. PPG Industries, Inc. has a 1-year low of $113.00 and a 1-year high of $145.60.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, February 21st will be paid 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 2.22%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

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.