PPG Industries, Inc. (NYSE:PPG) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP raised its holdings in PPG Industries, Inc. (NYSE:PPG) by 92.0% in the third quarter, Holdings Channel.com reports. The fund owned 10,556 shares of the specialty chemicals company’s stock after acquiring an additional 5,059 shares during the period. Mirabella Financial Services LLP’s holdings in PPG Industries were worth $1,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PPG. Financial Connections Group Inc. purchased a new stake in PPG Industries during the second quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in PPG Industries during the third quarter valued at about $34,000. Rothschild Investment LLC purchased a new stake in PPG Industries during the second quarter valued at about $37,000. Hara Capital LLC purchased a new stake in PPG Industries during the third quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC purchased a new stake in PPG Industries during the third quarter valued at about $46,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Anne M. Foulkes sold 1,985 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the sale, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PPG. StockNews.com upgraded PPG Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 19th. BMO Capital Markets restated an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. JPMorgan Chase & Co. dropped their price objective on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Mizuho lowered their price target on PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price target on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and a consensus price target of $149.93.

PPG Industries Stock Down 0.0 %

Shares of NYSE PPG opened at $122.65 on Monday. The stock has a market cap of $28.45 billion, a PE ratio of 19.44, a PEG ratio of 1.88 and a beta of 1.26. The business has a fifty day moving average of $127.00 and a two-hundred day moving average of $127.40. PPG Industries, Inc. has a 52-week low of $118.07 and a 52-week high of $151.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 earnings per share. As a group, equities research analysts expect that PPG Industries, Inc. will post 8.18 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.22%. PPG Industries’s dividend payout ratio (DPR) is presently 43.11%.

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.