CHICAGO TRUST Co NA Sells 531 Shares of PPG Industries, Inc. (NYSE:PPG)

CHICAGO TRUST Co NA trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,746 shares of the specialty chemicals company’s stock after selling 531 shares during the quarter. CHICAGO TRUST Co NA’s holdings in PPG Industries were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of PPG Industries by 2,153.3% in the second quarter. Acadian Asset Management LLC now owns 6,512 shares of the specialty chemicals company’s stock valued at $818,000 after purchasing an additional 6,223 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of PPG Industries by 176.4% during the 2nd quarter. American Century Companies Inc. now owns 226,215 shares of the specialty chemicals company’s stock worth $28,478,000 after acquiring an additional 144,357 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of PPG Industries by 0.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,278 shares of the specialty chemicals company’s stock valued at $3,434,000 after acquiring an additional 206 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in PPG Industries by 5.4% in the second quarter. J.W. Cole Advisors Inc. now owns 11,607 shares of the specialty chemicals company’s stock valued at $1,461,000 after acquiring an additional 595 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of PPG Industries by 20.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,012 shares of the specialty chemicals company’s stock worth $276,576,000 after buying an additional 368,410 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

PPG stock opened at $114.66 on Tuesday. PPG Industries, Inc. has a twelve month low of $113.00 and a twelve month high of $145.86. 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 company has a market cap of $26.60 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The business’s fifty day moving average is $121.83 and its 200-day moving average is $124.98.

PPG Industries (NYSE:PPG) last released its earnings results 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 company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 EPS. Equities research analysts forecast that PPG Industries, Inc. will post 8.18 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 12th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, November 12th. PPG Industries’s dividend payout ratio is currently 43.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PPG shares. Mizuho dropped their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. StockNews.com downgraded PPG Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, Royal Bank of Canada decreased their price objective on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, PPG Industries presently has a consensus rating of “Moderate Buy” and an average price target of $149.29.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the sale, the vice president now owns 13,454 shares of the company’s stock, valued at $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

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.