Lido Advisors LLC Has $1.27 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Lido Advisors LLC increased its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 128.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,636 shares of the specialty chemicals company's stock after purchasing an additional 5,973 shares during the period. Lido Advisors LLC's holdings in PPG Industries were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PPG. Mutual Advisors LLC grew its position in PPG Industries by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company's stock worth $319,000 after buying an additional 92 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of PPG Industries by 28.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 95 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of PPG Industries by 1.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 8,288 shares of the specialty chemicals company's stock worth $990,000 after purchasing an additional 103 shares during the period. Sachetta LLC lifted its holdings in shares of PPG Industries by 18.4% during the fourth quarter. Sachetta LLC now owns 675 shares of the specialty chemicals company's stock valued at $81,000 after purchasing an additional 105 shares during the last quarter. Finally, Savant Capital LLC boosted its position in shares of PPG Industries by 0.9% in the 4th quarter. Savant Capital LLC now owns 11,779 shares of the specialty chemicals company's stock valued at $1,407,000 after purchasing an additional 107 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PPG Industries

In related 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 transaction of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PPG has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday. Wells Fargo & Company lifted their target price on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Citigroup dropped their price objective on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Seaport Res Ptn cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.83.

PPG Industries Trading Down 1.4 %

Shares of NYSE:PPG traded down $1.53 during trading on Tuesday, hitting $108.69. 1,270,732 shares of the company's stock were exchanged, compared to its average volume of 1,791,830. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a market cap of $24.67 billion, a P/E ratio of 22.98, a PEG ratio of 2.19 and a beta of 1.20. The firm has a 50-day moving average price of $106.87 and a two-hundred day moving average price of $116.04. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 earnings per share. Equities analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is 58.24%.

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.