B. Metzler seel. Sohn & Co. Holding AG Invests $2.60 Million in PPG Industries, Inc. (NYSE:PPG)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the third quarter, HoldingsChannel.com reports. The firm acquired 19,648 shares of the specialty chemicals company’s stock, valued at approximately $2,603,000.

Other institutional investors also recently bought and sold shares of the company. Financial Connections Group Inc. purchased a new stake in shares of PPG Industries during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in PPG Industries during the third quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in PPG Industries in the second quarter worth approximately $37,000. Hara Capital LLC purchased a new position in shares of PPG Industries during the 3rd quarter worth $40,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of PPG Industries during the 3rd quarter valued at $46,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $122.68 on Friday. The company has a market cap of $28.46 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.85 and a beta of 1.26. PPG Industries, Inc. has a 52-week low of $118.07 and a 52-week high of $151.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The firm’s fifty day moving average is $127.08 and its two-hundred day moving average is $127.56.

PPG Industries (NYSE:PPG) last issued its earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.02). The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. As a group, analysts anticipate that PPG Industries, Inc. will post 8.18 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.22%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

Insider Activity

In other news, VP Anne M. Foulkes sold 1,985 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction of $249,713.00. Following the sale, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This represents a 12.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Mizuho decreased their price objective on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. StockNews.com upgraded PPG Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Royal Bank of Canada reduced their target price on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price target (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.93.

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.