Sachetta LLC Purchases 105 Shares of PPG Industries, Inc. (NYSE:PPG)

Sachetta LLC increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 675 shares of the specialty chemicals company’s stock after acquiring an additional 105 shares during the quarter. Sachetta LLC’s holdings in PPG Industries were worth $81,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in PPG Industries in the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. raised 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 purchased a new stake in shares of PPG Industries during the third quarter valued at $34,000. Hara Capital LLC acquired a new position in shares of PPG Industries in the 3rd quarter valued at $40,000. Finally, Albion Financial Group UT acquired a new stake in PPG Industries during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $122.75 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a 1 year low of $113.00 and a 1 year high of $145.60. The firm has a market capitalization of $28.48 billion, a PE ratio of 19.45, a P/E/G ratio of 1.93 and a beta of 1.24. The business’s 50 day moving average price is $121.17 and its 200-day moving average price is $124.73.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.68 per share. 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%.

Insider Activity

In other news, VP Anne M. Foulkes sold 1,985 shares of the company’s stock in a transaction that occurred 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 $1,692,513.20. This represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

PPG has been the topic of a number of research reports. JPMorgan Chase & Co. cut 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. Royal Bank of Canada reduced their target price on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Tuesday, October 22nd. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. StockNews.com downgraded shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Mizuho lowered their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.23.

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.