Aptus Capital Advisors LLC Buys 122 Shares of PPG Industries, Inc. (NYSE:PPG)

Aptus Capital Advisors LLC grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,585 shares of the specialty chemicals company’s stock after acquiring an additional 122 shares during the period. Aptus Capital Advisors LLC’s holdings in PPG Industries were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new stake in PPG Industries in the fourth quarter worth $36,000. Albion Financial Group UT bought a new position in shares of PPG Industries in the 4th quarter worth about $38,000. Crews Bank & Trust purchased a new position in PPG Industries during the 4th quarter valued at about $42,000. Sugar Maple Asset Management LLC bought a new stake in PPG Industries during the fourth quarter worth about $44,000. Finally, Millstone Evans Group LLC purchased a new stake in PPG Industries in the fourth quarter worth about $46,000. Institutional investors own 81.86% of the company’s stock.

Insider Activity

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the transaction, the chief executive officer now owns 35,833 shares of the company’s stock, valued at approximately $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 accessible through this link. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PPG shares. JPMorgan Chase & Co. lowered their target price 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. Bank of America reissued a “neutral” rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Citigroup lowered their price target on PPG Industries from $135.00 to $113.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price objective on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus target price of $128.83.

PPG Industries Trading Up 1.7 %

PPG Industries stock opened at $108.55 on Friday. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The company has a market cap of $24.64 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.19 and a beta of 1.20. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $106.58 and a two-hundred day simple moving average of $115.79.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 earnings per share. Analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries’s dividend payout ratio (DPR) is currently 58.24%.

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.