RD Lewis Holdings Inc. Invests $218,000 in PPG Industries, Inc. (NYSE:PPG)

RD Lewis Holdings Inc. purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,899 shares of the specialty chemicals company’s stock, valued at approximately $218,000.

Several other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in PPG Industries by 41.9% in the third quarter. GSA Capital Partners LLP now owns 5,309 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 1,568 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of PPG Industries by 13.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,895 shares of the specialty chemicals company’s stock worth $781,000 after purchasing an additional 677 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of PPG Industries by 7.5% during the 3rd quarter. CIBC Asset Management Inc now owns 34,101 shares of the specialty chemicals company’s stock worth $4,517,000 after purchasing an additional 2,382 shares in the last quarter. Empowered Funds LLC boosted its position in shares of PPG Industries by 4.4% during the 3rd quarter. Empowered Funds LLC now owns 20,541 shares of the specialty chemicals company’s stock worth $2,721,000 after purchasing an additional 868 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of PPG Industries by 57.8% during the 3rd quarter. Natixis Advisors LLC now owns 137,372 shares of the specialty chemicals company’s stock worth $18,196,000 after purchasing an additional 50,326 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 0.3 %

Shares of PPG stock opened at $113.85 on Tuesday. The company has a 50 day moving average of $116.33 and a 200-day moving average of $122.16. 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, Inc. has a 12-month low of $109.15 and a 12-month high of $145.61. The firm has a market cap of $25.84 billion, a P/E ratio of 24.07, a PEG ratio of 2.19 and a beta of 1.22.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

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

Insider Activity at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were 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 directly owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective 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. UBS Group dropped their price target on shares of PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. KeyCorp cut shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. Citigroup dropped 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. Finally, Mizuho dropped 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.