Threadgill Financial LLC Purchases 267 Shares of PPG Industries, Inc. (NYSE:PPG)

Threadgill Financial LLC boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,198 shares of the specialty chemicals company’s stock after acquiring an additional 267 shares during the quarter. PPG Industries comprises about 2.5% of Threadgill Financial LLC’s investment portfolio, making the stock its 15th biggest position. Threadgill Financial LLC’s holdings in PPG Industries were worth $3,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PPG. Moneta Group Investment Advisors LLC boosted its holdings in shares of PPG Industries by 163,082.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,157,889 shares of the specialty chemicals company’s stock valued at $522,813,000 after purchasing an additional 4,155,341 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in PPG Industries by 602,706.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,640,291 shares of the specialty chemicals company’s stock worth $331,994,000 after purchasing an additional 2,639,853 shares during the period. Norges Bank acquired a new stake in PPG Industries during the 4th quarter worth about $318,155,000. First Trust Advisors LP boosted its stake in shares of PPG Industries by 280.6% during the 1st quarter. First Trust Advisors LP now owns 1,734,894 shares of the specialty chemicals company’s stock worth $227,393,000 after acquiring an additional 1,279,104 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of PPG Industries by 41.1% during the 3rd quarter. Invesco Ltd. now owns 3,294,142 shares of the specialty chemicals company’s stock worth $427,580,000 after acquiring an additional 959,849 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PPG. Wolfe Research began coverage on shares of PPG Industries in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. KeyCorp raised their target price on shares of PPG Industries from $166.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 9th. Vertical Research raised shares of PPG Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. UBS Group reaffirmed a “neutral” rating and set a $156.00 price target (down previously from $173.00) on shares of PPG Industries in a research report on Thursday, March 7th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $150.00 price target on shares of PPG Industries in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $157.13.

Insider Buying and Selling

In related news, CFO Vincent J. Morales sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $140.94, for a total transaction of $479,196.00. Following the sale, the chief financial officer now owns 28,439 shares in the company, valued at $4,008,192.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by company insiders.

PPG Industries Trading Up 1.9 %

NYSE PPG opened at $144.54 on Thursday. The stock has a market capitalization of $34.02 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.40 and a beta of 1.28. PPG Industries, Inc. has a 52-week low of $120.32 and a 52-week high of $152.89. The firm has a 50-day moving average price of $141.22 and a 200 day moving average price of $138.04. The company has a quick ratio of 1.05, a current ratio of 1.47 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last issued its earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that PPG Industries, Inc. will post 8.45 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Thursday, February 15th were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.60 annualized dividend and a dividend yield of 1.80%. PPG Industries’s dividend payout ratio is presently 48.69%.

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.