PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Charles Schwab Trust Co

Charles Schwab Trust Co raised its stake in PPG Industries, Inc. (NYSE:PPG) by 60.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,628 shares of the specialty chemicals company’s stock after buying an additional 986 shares during the quarter. Charles Schwab Trust Co’s holdings in PPG Industries were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in PPG Industries in the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. grew its position 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 buying an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries during the third quarter valued at approximately $34,000. Hara Capital LLC bought a new stake in PPG Industries during the third quarter worth approximately $40,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of PPG Industries during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PPG shares. Mizuho dropped their price target on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft 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 Thursday, December 19th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Citigroup cut their price objective 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. Finally, StockNews.com cut PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has an average rating of “Moderate Buy” and a consensus target price of $149.23.

Insider Activity at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of the firm’s 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 transaction, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

PPG Industries Stock Up 0.5 %

Shares of PPG Industries stock opened at $120.14 on Tuesday. The stock has a 50-day simple moving average of $121.26 and a 200-day simple moving average of $124.80. PPG Industries, Inc. has a 52-week low of $113.00 and a 52-week high of $145.86. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.89 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.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.26%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

PPG Industries Company 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.