Global Retirement Partners LLC Has $602,000 Stake in PPG Industries, Inc. (NYSE:PPG)

Global Retirement Partners LLC lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,040 shares of the specialty chemicals company’s stock after acquiring an additional 124 shares during the quarter. Global Retirement Partners LLC’s holdings in PPG Industries were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PPG. Atlas Legacy Advisors LLC acquired a new position in PPG Industries during the 4th quarter worth about $242,000. New York State Common Retirement Fund lifted its holdings in PPG Industries by 1.1% during the 4th quarter. New York State Common Retirement Fund now owns 180,040 shares of the specialty chemicals company’s stock worth $21,506,000 after buying an additional 1,969 shares during the period. Mcdonald Partners LLC lifted its holdings in PPG Industries by 26.1% during the 4th quarter. Mcdonald Partners LLC now owns 4,015 shares of the specialty chemicals company’s stock worth $480,000 after buying an additional 832 shares during the period. BKM Wealth Management LLC lifted its holdings in PPG Industries by 4.6% during the 4th quarter. BKM Wealth Management LLC now owns 4,732 shares of the specialty chemicals company’s stock worth $565,000 after buying an additional 210 shares during the period. Finally, GAM Holding AG acquired a new position in PPG Industries during the 4th quarter worth about $1,567,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $114.88 on Friday. PPG Industries, Inc. has a one year low of $110.20 and a one year high of $145.60. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 2.19 and a beta of 1.23. The business has a 50-day simple moving average of $118.29 and a 200 day simple moving average of $123.25. 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 (NYSE:PPG) last issued its 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 net margin of 6.41% and a return on equity of 23.78%. On average, research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, February 21st. PPG Industries’s payout ratio is 57.51%.

Analyst Ratings Changes

Several brokerages have commented on PPG. Wells Fargo & Company cut their target price on PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. UBS Group cut their target price on PPG Industries from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Mizuho lowered their price objective on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has a consensus rating of “Moderate Buy” and an average target price of $138.15.

Insiders Place Their Bets

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the sale, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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.