Coyle Financial Counsel LLC Sells 674 Shares of PPG Industries, Inc. (NYSE:PPG)

Coyle Financial Counsel LLC trimmed its holdings in PPG Industries, Inc. (NYSE:PPG) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,017 shares of the specialty chemicals company’s stock after selling 674 shares during the quarter. Coyle Financial Counsel LLC’s holdings in PPG Industries were worth $1,555,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PPG. Allspring Global Investments Holdings LLC increased its holdings in PPG Industries by 15.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,322 shares of the specialty chemicals company’s stock worth $2,030,000 after buying an additional 2,047 shares in the last quarter. Private Advisor Group LLC increased its holdings in PPG Industries by 6.9% in the 3rd quarter. Private Advisor Group LLC now owns 12,123 shares of the specialty chemicals company’s stock worth $1,606,000 after buying an additional 781 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of PPG Industries by 189.6% during the 3rd quarter. International Assets Investment Management LLC now owns 426,834 shares of the specialty chemicals company’s stock valued at $56,538,000 after purchasing an additional 279,455 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PPG Industries by 20.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,457 shares of the specialty chemicals company’s stock valued at $3,291,000 after purchasing an additional 4,212 shares during the period. Finally, Frank Rimerman Advisors LLC grew its stake in shares of PPG Industries by 9.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,826 shares of the specialty chemicals company’s stock valued at $242,000 after purchasing an additional 152 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PPG. JPMorgan Chase & Co. downgraded PPG Industries from an “overweight” rating to a “neutral” rating and cut their price target for the company from $145.00 to $115.00 in a research note on Wednesday, February 12th. Citigroup cut their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. UBS Group cut their price target on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, The Goldman Sachs Group cut their price target on PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PPG Industries presently has a consensus rating of “Moderate Buy” and an average target price of $138.15.

Insider Buying and Selling

In other news, CEO Timothy M. Knavish sold 4,800 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now directly owns 35,833 shares of the company’s stock, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

PPG Industries Stock Down 1.2 %

NYSE PPG opened at $113.47 on Tuesday. The stock’s 50 day moving average is $118.11 and its 200 day moving average is $123.24. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 12 month low of $110.20 and a 12 month high of $145.60. The stock has a market cap of $25.75 billion, a PE ratio of 23.99, a P/E/G ratio of 2.19 and a beta of 1.23.

PPG Industries (NYSE:PPG) last posted 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 return on equity of 23.78% and a net margin of 6.41%. Research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.40%. PPG Industries’s dividend payout ratio 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.