Enhancing Capital LLC Invests $239,000 in PPG Industries, Inc. (NYSE:PPG)

Enhancing Capital LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,000 shares of the specialty chemicals company’s stock, valued at approximately $239,000.

Several other large investors have also recently made changes to their positions in the stock. Generali Asset Management SPA SGR bought a new position in shares of PPG Industries in the 4th quarter worth $5,062,000. Horizon Investments LLC raised its position in shares of PPG Industries by 2.3% in the 4th quarter. Horizon Investments LLC now owns 10,313 shares of the specialty chemicals company’s stock worth $1,232,000 after acquiring an additional 232 shares in the last quarter. RD Lewis Holdings Inc. bought a new position in shares of PPG Industries in the 4th quarter worth $218,000. Flagship Wealth Advisors LLC bought a new position in shares of PPG Industries in the 4th quarter worth $48,000. Finally, Signaturefd LLC raised its position in shares of PPG Industries by 2.5% in the 4th quarter. Signaturefd LLC now owns 5,268 shares of the specialty chemicals company’s stock worth $629,000 after acquiring an additional 128 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their price target on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Seaport Res Ptn cut PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Barclays reiterated an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. Finally, Mizuho decreased their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $138.15.

Insider Buying and Selling

In related news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

PPG Industries Trading Down 0.3 %

Shares of NYSE:PPG opened at $113.51 on Wednesday. PPG Industries, Inc. has a 52-week low of $109.15 and a 52-week high of $145.61. The stock has a market cap of $25.76 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.19 and a beta of 1.22. 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 moving average price of $116.28 and a 200-day moving average price of $122.04.

PPG Industries (NYSE:PPG) last announced 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 return on equity of 23.78% and a net margin of 6.41%. Equities analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) is 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.