Two Sigma Securities LLC Invests $612,000 in PPG Industries, Inc. (NYSE:PPG)

Two Sigma Securities LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,122 shares of the specialty chemicals company’s stock, valued at approximately $612,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PPG. Mutual Advisors LLC grew its stake in shares of PPG Industries by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 2,666 shares of the specialty chemicals company’s stock valued at $319,000 after buying an additional 92 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in PPG Industries by 28.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 95 shares during the period. Kingsview Wealth Management LLC increased its stake in PPG Industries by 1.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 8,288 shares of the specialty chemicals company’s stock worth $990,000 after acquiring an additional 103 shares during the last quarter. Sachetta LLC raised its position in PPG Industries by 18.4% in the fourth quarter. Sachetta LLC now owns 675 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 105 shares during the period. Finally, Savant Capital LLC lifted its stake in shares of PPG Industries by 0.9% in the 4th quarter. Savant Capital LLC now owns 11,779 shares of the specialty chemicals company’s stock valued at $1,407,000 after purchasing an additional 107 shares during the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PPG Industries

In related news, CEO Timothy M. Knavish sold 4,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by company insiders.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $102.65 on Friday. 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 $90.24 and a 52 week high of $137.24. The firm’s 50 day moving average is $107.82 and its two-hundred day moving average is $117.12. The firm has a market capitalization of $23.30 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.19 and a beta of 1.16.

PPG Industries (NYSE:PPG) last posted its 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%. Research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, May 12th. PPG Industries’s dividend payout ratio (DPR) is 57.51%.

Analyst Ratings Changes

PPG has been the subject of a number of recent analyst reports. UBS Group cut their price objective on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of PPG Industries from $130.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Mizuho lowered their price objective on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays restated an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $130.67.

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.