Capital Fund Management S.A. Increases Stock Position in PPG Industries, Inc. (NYSE:PPG)

Capital Fund Management S.A. raised its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,430 shares of the specialty chemicals company's stock after purchasing an additional 30,364 shares during the period. Capital Fund Management S.A.'s holdings in PPG Industries were worth $12,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PPG. PUREfi Wealth LLC purchased a new position in PPG Industries during the 4th quarter worth $279,000. PFW Advisors LLC acquired a new stake in PPG Industries in the 4th quarter worth approximately $868,000. JGP Wealth Management LLC acquired a new position in PPG Industries during the 4th quarter valued at approximately $4,050,000. Vanguard Group Inc. raised its holdings in shares of PPG Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock worth $3,508,210,000 after buying an additional 756,937 shares during the last quarter. Finally, Avanza Fonder AB purchased a new stake in shares of PPG Industries during the fourth quarter valued at $2,944,000. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Up 1.7 %

PPG stock traded up $1.70 during trading on Thursday, hitting $100.12. 738,299 shares of the company's stock were exchanged, compared to its average volume of 1,797,983. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The business has a 50-day moving average price of $109.95 and a two-hundred day moving average price of $118.48. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.19 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.72%. PPG Industries's dividend payout ratio (DPR) is presently 57.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PPG shares. Argus downgraded PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Seaport Res Ptn lowered shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Mizuho decreased their price objective on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Barclays restated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Finally, UBS Group cut their price objective on PPG Industries from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $132.31.

Insider Activity at PPG Industries

In other PPG Industries news, CEO Timothy M. Knavish sold 4,800 shares of the 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. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by 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.