BKM Wealth Management LLC Boosts Stock Position in PPG Industries, Inc. (NYSE:PPG)

BKM Wealth Management LLC lifted its position in PPG Industries, Inc. (NYSE:PPG) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,732 shares of the specialty chemicals company’s stock after acquiring an additional 210 shares during the quarter. BKM Wealth Management LLC’s holdings in PPG Industries were worth $565,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in PPG Industries by 156.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the specialty chemicals company’s stock valued at $154,000 after purchasing an additional 707 shares during the period. Vontobel Holding Ltd. raised its stake in PPG Industries by 7.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 3,426 shares of the specialty chemicals company’s stock valued at $454,000 after acquiring an additional 227 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in PPG Industries by 11.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,871 shares of the specialty chemicals company’s stock valued at $3,427,000 after acquiring an additional 2,652 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in PPG Industries by 6.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,970 shares of the specialty chemicals company’s stock valued at $393,000 after acquiring an additional 187 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of PPG Industries by 46.3% in the 3rd quarter. Blue Trust Inc. now owns 3,633 shares of the specialty chemicals company’s stock worth $457,000 after buying an additional 1,149 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of a number of research reports. StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets reissued an “outperform” rating and set a $155.00 price target (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $145.00 to $115.00 in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their price objective on PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, PPG Industries presently has an average rating of “Moderate Buy” and a consensus price target of $138.15.

PPG Industries Price Performance

PPG Industries stock opened at $117.75 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $27.32 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. PPG Industries, Inc. has a one year low of $110.20 and a one year high of $145.60. The business has a 50 day simple moving average of $119.02 and a 200 day simple moving average of $123.42.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, sell-side analysts forecast that PPG Industries, Inc. will post 7.96 EPS 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. Stockholders of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. PPG Industries’s dividend payout ratio (DPR) is currently 57.51%.

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.