LRI Investments LLC Increases Position in PPG Industries, Inc. (NYSE:PPG)

LRI Investments LLC lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 25.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 456 shares of the specialty chemicals company’s stock after buying an additional 92 shares during the period. LRI Investments LLC’s holdings in PPG Industries were worth $54,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Lighthouse Investment Partners LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at approximately $1,792,000. Jefferies Financial Group Inc. purchased a new position in shares of PPG Industries during the fourth quarter valued at approximately $568,000. Gen Wealth Partners Inc lifted its stake in shares of PPG Industries by 12.2% during the fourth quarter. Gen Wealth Partners Inc now owns 4,347 shares of the specialty chemicals company’s stock valued at $519,000 after buying an additional 471 shares during the period. Gotham Asset Management LLC lifted its stake in shares of PPG Industries by 155.4% during the fourth quarter. Gotham Asset Management LLC now owns 178,971 shares of the specialty chemicals company’s stock valued at $21,378,000 after buying an additional 108,902 shares during the period. Finally, Fullerton Fund Management Co Ltd. acquired a new position in PPG Industries during the fourth quarter worth approximately $634,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

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 transaction, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This represents a 11.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is currently owned by insiders.

PPG Industries Price Performance

Shares of PPG stock opened at $113.48 on Wednesday. The company has a market capitalization of $25.76 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The firm has a fifty day simple moving average of $106.54 and a 200-day simple moving average of $115.41. 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 twelve month low of $90.24 and a twelve month high of $137.24.

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

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.40%. PPG Industries’s dividend payout ratio (DPR) is 58.24%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada upped their price target on shares of PPG Industries from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Fermium Researc raised shares of PPG Industries to a “strong-buy” rating in a research report on Thursday, May 1st. Finally, StockNews.com lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.42.

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.