UniSuper Management Pty Ltd Has $2.82 Million Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

UniSuper Management Pty Ltd boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 28.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,609 shares of the specialty chemicals company’s stock after buying an additional 5,210 shares during the period. UniSuper Management Pty Ltd’s holdings in PPG Industries were worth $2,820,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PPG. Legend Financial Advisors Inc. bought a new stake in PPG Industries in the 4th quarter valued at $27,000. Albion Financial Group UT bought a new stake in shares of PPG Industries in the fourth quarter valued at about $38,000. Crews Bank & Trust acquired a new position in shares of PPG Industries during the fourth quarter worth about $42,000. Sugar Maple Asset Management LLC bought a new position in shares of PPG Industries during the fourth quarter worth about $44,000. Finally, Millstone Evans Group LLC bought a new stake in PPG Industries in the 4th quarter valued at approximately $46,000. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reduced their price objective on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 4th. UBS Group decreased their price objective on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a report on Friday, January 31st. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $138.15.

PPG Industries Stock Down 1.0 %

PPG stock opened at $107.32 on Friday. The business’s 50 day simple moving average is $115.37 and its 200 day simple moving average is $121.20. PPG Industries, Inc. has a 1-year low of $105.64 and a 1-year high of $145.61. The firm has a market capitalization of $24.36 billion, a PE ratio of 22.69, a PEG ratio of 2.19 and a beta of 1.22. 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 (NYSE:PPG) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, February 21st. PPG Industries’s payout ratio is 57.51%.

Insiders Place Their Bets

In related news, CEO Timothy M. Knavish sold 4,800 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

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.