Transamerica Financial Advisors Inc. Has $155,000 Stake in PPG Industries, Inc. (NYSE:PPG)

Transamerica Financial Advisors Inc. boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 54.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,165 shares of the specialty chemicals company’s stock after buying an additional 409 shares during the period. Transamerica Financial Advisors Inc.’s holdings in PPG Industries were worth $155,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PPG. Price T Rowe Associates Inc. MD grew its stake in PPG Industries by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 474,053 shares of the specialty chemicals company’s stock worth $68,692,000 after buying an additional 3,448 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of PPG Industries by 29.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,054 shares of the specialty chemicals company’s stock valued at $732,000 after purchasing an additional 1,158 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of PPG Industries by 145.0% in the 1st quarter. Tidal Investments LLC now owns 23,584 shares of the specialty chemicals company’s stock valued at $3,417,000 after purchasing an additional 13,959 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of PPG Industries by 199.7% in the 1st quarter. iA Global Asset Management Inc. now owns 18,267 shares of the specialty chemicals company’s stock valued at $2,647,000 after purchasing an additional 12,171 shares in the last quarter. Finally, Wahed Invest LLC boosted its stake in shares of PPG Industries by 14.5% in the 1st quarter. Wahed Invest LLC now owns 4,587 shares of the specialty chemicals company’s stock valued at $665,000 after purchasing an additional 581 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PPG has been the topic of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $155.00 price target (down from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. StockNews.com downgraded shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Mizuho dropped their price objective on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on shares of PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, PPG Industries has an average rating of “Moderate Buy” and a consensus price target of $149.93.

Insider Transactions at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total transaction 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. This trade represents a 12.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.

PPG Industries Stock Up 0.0 %

PPG Industries stock opened at $123.41 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a 52-week low of $118.07 and a 52-week high of $151.16. The firm has a 50 day moving average price of $126.80 and a two-hundred day moving average price of $127.22. The firm has a market cap of $28.63 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.92 and a beta of 1.26.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts predict that PPG Industries, Inc. will post 8.18 EPS for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 annualized dividend and a yield of 2.20%. PPG Industries’s payout ratio is 43.11%.

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.