Skandinaviska Enskilda Banken AB publ Sells 200 Shares of PPG Industries, Inc. (NYSE:PPG)

Skandinaviska Enskilda Banken AB publ decreased its position in PPG Industries, Inc. (NYSE:PPG) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,964 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in PPG Industries were worth $5,950,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries in the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. grew its holdings in shares of 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 worth $32,000 after purchasing an additional 200 shares during the last quarter. Albion Financial Group UT bought a new stake in shares of PPG Industries in the 4th quarter worth about $38,000. Crews Bank & Trust acquired a new position in PPG Industries during the 4th quarter worth about $42,000. Finally, Sugar Maple Asset Management LLC acquired a new position in PPG Industries during the 4th quarter worth about $44,000. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

In other PPG Industries 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 transaction, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.

PPG Industries Stock Up 2.1 %

PPG opened at $113.65 on Friday. PPG Industries, Inc. has a fifty-two week low of $109.15 and a fifty-two week high of $145.61. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The company has a market capitalization of $25.80 billion, a P/E ratio of 24.03, a P/E/G ratio of 2.19 and a beta of 1.22. The stock has a fifty day moving average of $116.36 and a 200-day moving average of $122.30.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 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%. On average, equities analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 21st. PPG Industries’s payout ratio is currently 57.51%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPG. Royal Bank of Canada reduced their price target on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 4th. Seaport Res Ptn downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Citigroup reduced their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Mizuho reduced their price target on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $138.15.

About PPG Industries

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.