Stephens Inc. AR Reduces Stake in PPG Industries, Inc. (NYSE:PPG)

Stephens Inc. AR lessened its position in shares of PPG Industries, Inc. (NYSE:PPG) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,482 shares of the specialty chemicals company’s stock after selling 1,052 shares during the quarter. Stephens Inc. AR’s holdings in PPG Industries were worth $1,252,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new stake in shares of PPG Industries during the 4th quarter valued at about $27,000. Pin Oak Investment Advisors Inc. boosted its holdings 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 buying an additional 200 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in PPG Industries during the third quarter valued at approximately $34,000. Hara Capital LLC bought a new stake in PPG Industries during the third quarter valued at approximately $40,000. Finally, Albion Financial Group UT purchased a new stake in PPG Industries during the fourth quarter valued at approximately $38,000. Institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the subject of a number of recent research reports. Barclays cut their price objective on shares of PPG Industries from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut PPG Industries from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $145.00 to $115.00 in a research report on Wednesday. KeyCorp lowered shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Finally, StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.15.

PPG Industries Stock Down 0.1 %

PPG opened at $114.77 on Thursday. The company has a market capitalization of $26.63 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The firm has a 50-day simple moving average of $119.57 and a two-hundred day simple moving average of $123.64. 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 $110.20 and a 52 week high of $145.60.

PPG Industries (NYSE:PPG) last announced 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 net margin of 6.41% and a return on equity of 23.78%. Analysts forecast that PPG Industries, Inc. will post 7.96 earnings per share 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. Investors of record on Friday, February 21st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, February 21st. PPG Industries’s dividend payout ratio (DPR) 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.