Hara Capital LLC Buys Shares of 300 PPG Industries, Inc. (NYSE:PPG)

Hara Capital LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 300 shares of the specialty chemicals company’s stock, valued at approximately $40,000.

A number of other institutional investors also recently added to or reduced their stakes in PPG. Norden Group LLC bought a new stake in shares of PPG Industries during the first quarter valued at about $252,000. Private Advisor Group LLC raised its position in shares of PPG Industries by 4.0% during the 1st quarter. Private Advisor Group LLC now owns 10,463 shares of the specialty chemicals company’s stock worth $1,516,000 after buying an additional 407 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of PPG Industries by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 18,166 shares of the specialty chemicals company’s stock worth $2,632,000 after acquiring an additional 707 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of PPG Industries in the first quarter valued at approximately $61,000. Finally, Empirical Finance LLC increased its stake in shares of PPG Industries by 3.5% during the first quarter. Empirical Finance LLC now owns 8,528 shares of the specialty chemicals company’s stock valued at $1,236,000 after acquiring an additional 287 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insiders Place Their Bets

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction dated 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 owns 13,454 shares of the company’s stock, valued at $1,692,513.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG stock opened at $126.00 on Friday. The firm has a market cap of $29.23 billion, a P/E ratio of 19.97, a PEG ratio of 1.91 and a beta of 1.26. 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 fifty-two week low of $118.07 and a fifty-two week high of $151.16. The stock’s 50-day moving average is $127.86 and its two-hundred day moving average is $128.10.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.02). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. PPG Industries’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 EPS. Analysts predict that PPG Industries, Inc. will post 8.19 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 12th. PPG Industries’s dividend payout ratio is presently 43.11%.

Analysts Set New Price Targets

PPG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Friday, October 18th. Royal Bank of Canada decreased their target price on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 22nd. Bank of America lowered their target price on PPG Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup cut their price target on shares of PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Barclays dropped their target price on shares of PPG Industries from $148.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.93.

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.