Oliver Lagore Vanvalin Investment Group Lowers Holdings in PPG Industries, Inc. (NYSE:PPG)

Oliver Lagore Vanvalin Investment Group cut its position in PPG Industries, Inc. (NYSE:PPG) by 13.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 618 shares of the specialty chemicals company’s stock after selling 98 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in PPG Industries were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of PPG Industries by 11.0% in the 3rd quarter. FMR LLC now owns 358,333 shares of the specialty chemicals company’s stock worth $46,512,000 after buying an additional 35,571 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of PPG Industries by 137.5% in the 4th quarter. Cerity Partners LLC now owns 34,937 shares of the specialty chemicals company’s stock worth $5,224,000 after buying an additional 20,226 shares during the last quarter. Nomura Holdings Inc. increased its holdings in shares of PPG Industries by 2.3% in the 3rd quarter. Nomura Holdings Inc. now owns 8,479 shares of the specialty chemicals company’s stock worth $1,101,000 after buying an additional 192 shares during the last quarter. Financial Counselors Inc. increased its holdings in shares of PPG Industries by 6.4% in the 3rd quarter. Financial Counselors Inc. now owns 1,883 shares of the specialty chemicals company’s stock worth $244,000 after buying an additional 114 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in shares of PPG Industries by 42.6% in the 4th quarter. Vest Financial LLC now owns 217,865 shares of the specialty chemicals company’s stock worth $32,582,000 after buying an additional 65,073 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 3,400 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $140.94, for a total value of $479,196.00. Following the sale, the chief financial officer now owns 28,439 shares of the company’s stock, valued at approximately $4,008,192.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $135.11 on Friday. The firm has a market cap of $31.80 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.28. PPG Industries, Inc. has a 12-month low of $120.32 and a 12-month high of $152.89. The company has a quick ratio of 1.05, a current ratio of 1.47 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $140.53 and its two-hundred day simple moving average is $138.87.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, April 18th. The specialty chemicals company reported $1.86 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.86. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.43 billion. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. As a group, equities analysts expect that PPG Industries, Inc. will post 8.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Vertical Research raised shares of PPG Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. UBS Group decreased their price target on shares of PPG Industries from $156.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday. Citigroup reduced their target price on shares of PPG Industries from $170.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada reduced their target price on shares of PPG Industries from $158.00 to $156.00 and set a “sector perform” rating on the stock in a report on Monday, January 22nd. Finally, Wells Fargo & Company raised shares of PPG Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $150.00 to $163.00 in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

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.