MGO One Seven LLC Takes Position in PPG Industries, Inc. (NYSE:PPG)

MGO One Seven LLC purchased a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,965 shares of the specialty chemicals company's stock, valued at approximately $354,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries in the fourth quarter valued at approximately $27,000. Prudent Man Investment Management Inc. bought a new stake in PPG Industries during the 4th quarter worth approximately $36,000. Albion Financial Group UT bought a new stake in PPG Industries during the 4th quarter worth approximately $38,000. Crews Bank & Trust bought a new stake in PPG Industries during the 4th quarter worth approximately $42,000. Finally, Sugar Maple Asset Management LLC bought a new stake in PPG Industries during the 4th quarter worth approximately $44,000. Institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of PPG Industries from $130.00 to $115.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. StockNews.com lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Barclays reaffirmed an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Bank of America reissued a "neutral" rating and issued a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Finally, Royal Bank of Canada decreased 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 report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $130.67.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $102.98 on Tuesday. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. The company has a fifty day moving average of $107.54 and a 200-day moving average of $116.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (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%. Equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.64%. PPG Industries's payout ratio is currently 57.51%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the 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 completion of the sale, the chief executive officer now owns 35,833 shares of the company's stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

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.

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