Public Employees Retirement Association of Colorado lowered its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 805,665 shares of the specialty chemicals company’s stock after selling 772 shares during the period. Public Employees Retirement Association of Colorado’s holdings in PPG Industries were worth $95,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its holdings in shares of PPG Industries by 277.8% in the third quarter. Parkside Financial Bank & Trust now owns 1,020 shares of the specialty chemicals company’s stock valued at $121,000 after purchasing an additional 750 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of PPG Industries by 8.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 9,589 shares of the specialty chemicals company’s stock valued at $1,136,000 after buying an additional 777 shares during the period. Alps Advisors Inc. purchased a new position in shares of PPG Industries during the third quarter valued at approximately $702,000. Montag A & Associates Inc. lifted its stake in shares of PPG Industries by 3.1% during the third quarter. Montag A & Associates Inc. now owns 18,052 shares of the specialty chemicals company’s stock valued at $2,139,000 after buying an additional 541 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of PPG Industries by 243.6% during the third quarter. SG Americas Securities LLC now owns 239,397 shares of the specialty chemicals company’s stock valued at $28,371,000 after buying an additional 169,732 shares during the period. 77.25% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. ValuEngine downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup reduced their price objective on shares of PPG Industries from $136.00 to $133.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. UBS Group upped their price objective on shares of PPG Industries from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets upped their price objective on shares of PPG Industries from $113.00 to $129.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Finally, Barclays upped their price target on shares of PPG Industries from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $128.44.

In other news, CEO Michael H. Mcgarry sold 30,450 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $130.00, for a total value of $3,958,500.00. Following the completion of the sale, the chief executive officer now owns 149,884 shares of the company’s stock, valued at $19,484,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael H. Mcgarry sold 11,916 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $125.00, for a total transaction of $1,489,500.00. Following the completion of the sale, the chief executive officer now directly owns 131,350 shares of the company’s stock, valued at approximately $16,418,750. The disclosure for this sale can be found here. Insiders sold 54,366 shares of company stock valued at $6,888,000 in the last three months. Company insiders own 0.37% of the company’s stock.

Shares of PPG Industries stock traded down $0.40 during trading hours on Friday, hitting $128.92. The company’s stock had a trading volume of 855,834 shares, compared to its average volume of 1,241,582. PPG Industries, Inc. has a 1-year low of $94.41 and a 1-year high of $130.42. The business has a fifty day moving average of $121.01 and a 200 day moving average of $115.87. The company has a market capitalization of $30.68 billion, a PE ratio of 21.78, a P/E/G ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 1.02.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.06. PPG Industries had a net margin of 8.00% and a return on equity of 28.36%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PPG Industries, Inc. will post 6.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, November 8th. PPG Industries’s payout ratio is currently 34.46%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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