Mn Services Vermogensbeheer B.V. Boosts Position in PPG Industries, Inc. (NYSE:PPG)

Mn Services Vermogensbeheer B.V. grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 91,870 shares of the specialty chemicals company’s stock after buying an additional 1,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in PPG Industries were worth $10,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Equity Investment Corp increased its holdings in shares of PPG Industries by 29.4% during the 4th quarter. Equity Investment Corp now owns 840,139 shares of the specialty chemicals company’s stock valued at $100,355,000 after purchasing an additional 190,838 shares in the last quarter. Heritage Investors Management Corp purchased a new position in shares of PPG Industries during the 4th quarter valued at approximately $251,000. Advisor OS LLC purchased a new position in shares of PPG Industries during the 4th quarter valued at approximately $615,000. Illinois Municipal Retirement Fund increased its holdings in shares of PPG Industries by 10.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 56,505 shares of the specialty chemicals company’s stock valued at $6,750,000 after purchasing an additional 5,422 shares in the last quarter. Finally, Vaughan David Investments LLC IL increased its holdings in shares of PPG Industries by 2.9% during the 4th quarter. Vaughan David Investments LLC IL now owns 288,371 shares of the specialty chemicals company’s stock valued at $34,446,000 after purchasing an additional 8,242 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PPG shares. Mizuho cut their target price on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada dropped their price target on shares of PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, PPG Industries currently has a consensus rating of “Moderate Buy” and an average price target of $138.15.

Insider Transactions at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the transaction, the chief executive officer now owns 35,833 shares in the company, valued at $4,240,835.55. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

PPG Industries Stock Down 0.6 %

NYSE PPG opened at $112.99 on Friday. PPG Industries, Inc. has a 52 week low of $110.20 and a 52 week high of $145.60. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The business’s fifty day simple moving average is $117.57 and its 200-day simple moving average is $123.05. The firm has a market cap of $25.64 billion, a PE ratio of 23.89, a P/E/G ratio of 2.19 and a beta of 1.23.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared 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 2.41%. PPG Industries’s dividend payout ratio is presently 57.51%.

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.