Dimensional Fund Advisors LP Sells 26,162 Shares of PPG Industries, Inc. (NYSE:PPG)

Dimensional Fund Advisors LP trimmed its position in shares of PPG Industries, Inc. (NYSE:PPGGet Rating) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,341,579 shares of the specialty chemicals company’s stock after selling 26,162 shares during the quarter. Dimensional Fund Advisors LP owned 0.57% of PPG Industries worth $231,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPG. FMR LLC lifted its holdings in shares of PPG Industries by 27.8% during the 1st quarter. FMR LLC now owns 169,739 shares of the specialty chemicals company’s stock valued at $19,158,000 after buying an additional 36,888 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of PPG Industries by 6.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 71,041 shares of the specialty chemicals company’s stock valued at $10,182,000 after buying an additional 4,412 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of PPG Industries by 3.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,223 shares of the specialty chemicals company’s stock valued at $1,891,000 after buying an additional 439 shares during the period. Moors & Cabot Inc. raised its holdings in PPG Industries by 135.6% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 14,390 shares during the period. Finally, Mission Wealth Management LP raised its holdings in PPG Industries by 34.4% in the 3rd quarter. Mission Wealth Management LP now owns 2,341 shares of the specialty chemicals company’s stock worth $335,000 after purchasing an additional 599 shares during the period. 79.12% of the stock is currently owned by hedge funds and other institutional investors.

PPG opened at $137.34 on Thursday. The firm has a market cap of $32.44 billion, a P/E ratio of 30.45, a P/E/G ratio of 1.53 and a beta of 1.15. PPG Industries, Inc. has a 12 month low of $111.32 and a 12 month high of $182.97. The company has a current ratio of 1.47, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average of $129.30 and a 200 day moving average of $149.69.

PPG Industries (NYSE:PPGGet Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty chemicals company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.25. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.24 billion. PPG Industries had a return on equity of 23.41% and a net margin of 6.26%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. On average, research analysts forecast that PPG Industries, Inc. will post 7.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, May 9th. This represents a $2.36 annualized dividend and a yield of 1.72%. PPG Industries’s dividend payout ratio is currently 52.33%.

In other PPG Industries news, EVP Rebecca B. Liebert sold 30,086 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $129.90, for a total value of $3,908,171.40. Following the completion of the sale, the executive vice president now owns 24,693 shares of the company’s stock, valued at $3,207,620.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by company insiders.

PPG has been the topic of a number of recent research reports. Seaport Res Ptn reaffirmed a “neutral” rating on shares of PPG Industries in a report on Monday, January 24th. Royal Bank of Canada decreased their target price on PPG Industries from $174.00 to $169.00 in a report on Tuesday, January 25th. StockNews.com initiated coverage on PPG Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays decreased their target price on PPG Industries from $175.00 to $150.00 in a report on Monday. Finally, Jefferies Financial Group decreased their price target on PPG Industries from $170.00 to $130.00 and set a “hold” rating on the stock in a report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $168.44.

PPG Industries Company Profile (Get Rating)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

See Also

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

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