Houlihan Financial Resource Group Ltd. Acquires Shares of 1,600 PPG Industries, Inc. (NYSE:PPG)

Houlihan Financial Resource Group Ltd. bought a new position in PPG Industries, Inc. (NYSE:PPG) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 1,600 shares of the specialty chemicals company’s stock, valued at approximately $212,000.

Other large investors have also recently modified their holdings of the company. Atria Investments Inc boosted its position in PPG Industries by 0.3% during the 3rd quarter. Atria Investments Inc now owns 41,945 shares of the specialty chemicals company’s stock valued at $5,556,000 after acquiring an additional 117 shares in the last quarter. SpiderRock Advisors LLC lifted its stake in shares of PPG Industries by 9.8% in the 3rd quarter. SpiderRock Advisors LLC now owns 7,259 shares of the specialty chemicals company’s stock valued at $962,000 after purchasing an additional 649 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of PPG Industries during the third quarter valued at approximately $1,012,000. Leavell Investment Management Inc. boosted its position in shares of PPG Industries by 5.4% during the third quarter. Leavell Investment Management Inc. now owns 2,915 shares of the specialty chemicals company’s stock valued at $386,000 after purchasing an additional 150 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in PPG Industries in the third quarter worth $34,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 0.4 %

NYSE PPG opened at $125.52 on Friday. The stock’s 50-day moving average price is $127.72 and its 200-day moving average price is $128.05. The company has a market capitalization of $29.12 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 52 week low of $118.07 and a 52 week high of $151.16.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that PPG Industries, Inc. will post 8.19 earnings per share for the current year.

PPG Industries Announces Dividend

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 $0.68 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.17%. PPG Industries’s payout ratio is 43.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PPG shares. UBS Group boosted their target price on shares of PPG Industries from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 19th. KeyCorp dropped their price objective on shares of PPG Industries from $162.00 to $153.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Mizuho dropped their price target on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $149.93.

Insider Transactions at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the sale, the vice president now owns 13,454 shares of the company’s stock, valued at approximately $1,692,513.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.55% 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.