TCI Wealth Advisors Inc. Trims Position in PPG Industries, Inc. (NYSE:PPG)

TCI Wealth Advisors Inc. lowered its position in shares of PPG Industries, Inc. (NYSE:PPG) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,890 shares of the specialty chemicals company’s stock after selling 128 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in PPG Industries were worth $465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the fourth quarter worth $27,000. Pin Oak Investment Advisors Inc. lifted its position in PPG Industries by 465.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 200 shares during the period. Capital Performance Advisors LLP acquired a new stake in PPG Industries in the 3rd quarter worth about $34,000. Albion Financial Group UT purchased a new stake in PPG Industries in the 4th quarter valued at about $38,000. Finally, Hara Capital LLC acquired a new position in shares of PPG Industries during the 3rd quarter valued at about $40,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 0.3 %

PPG opened at $122.79 on Friday. The firm has a market capitalization of $28.49 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.94 and a beta of 1.24. The firm’s 50 day moving average is $121.25 and its 200-day moving average is $124.56. 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 $113.00 and a 52-week high of $145.60.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. Analysts expect that PPG Industries, Inc. will post 8.15 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries’s payout ratio is 43.11%.

Analyst Ratings Changes

PPG has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Finally, Citigroup reduced their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.23.

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.