PPG Industries, Inc. (NYSE:PPG) Stock Holdings Increased by G&S Capital LLC

G&S Capital LLC increased its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,024 shares of the specialty chemicals company’s stock after buying an additional 109 shares during the quarter. G&S Capital LLC’s holdings in PPG Industries were worth $600,000 as of its most recent SEC filing.

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

PPG Industries Price Performance

NYSE PPG opened at $114.77 on Thursday. The stock has a market capitalization of $26.63 billion, a PE ratio of 24.26, a P/E/G ratio of 1.97 and a beta of 1.23. The stock has a 50-day simple moving average of $119.33 and a 200 day simple moving average of $123.58. 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, Inc. has a twelve month low of $110.20 and a twelve month high of $145.60.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. Research analysts anticipate that PPG Industries, Inc. will post 7.96 EPS for the current year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.37%. PPG Industries’s payout ratio is 57.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PPG shares. Mizuho cut their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Citigroup cut their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their target price on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.15.

About PPG Industries

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.