Twin Capital Management Inc. Decreases Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Twin Capital Management Inc. trimmed its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,728 shares of the specialty chemicals company’s stock after selling 114 shares during the quarter. Twin Capital Management Inc.’s holdings in PPG Industries were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PPG. Valued Wealth Advisors LLC bought a new position in PPG Industries during the fourth quarter valued at $26,000. SJS Investment Consulting Inc. grew its holdings in PPG Industries by 588.5% during the fourth quarter. SJS Investment Consulting Inc. now owns 179 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 153 shares during the period. CVA Family Office LLC bought a new position in PPG Industries during the fourth quarter valued at $28,000. Quarry LP bought a new position in PPG Industries during the second quarter valued at $29,000. Finally, Financial Connections Group Inc. bought a new position in PPG Industries during the fourth quarter valued at $30,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 3,400 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

PPG Industries Trading Up 0.1 %

Shares of PPG stock opened at $135.11 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.05 and a current ratio of 1.47. PPG Industries, Inc. has a 52-week low of $120.32 and a 52-week high of $152.89. The company has a market capitalization 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. The business’s fifty day moving average is $140.53 and its 200 day moving average is $138.87.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data 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. PPG Industries had a return on equity of 23.51% and a net margin of 6.96%. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that PPG Industries, Inc. will post 8.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on PPG shares. Citigroup reduced their price objective on PPG Industries from $170.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Royal Bank of Canada cut their price target on PPG Industries from $158.00 to $156.00 and set a “sector perform” rating for the company in a report on Monday, January 22nd. Vertical Research raised PPG Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Wells Fargo & Company raised PPG Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $163.00 in a report on Thursday, April 11th. Finally, KeyCorp cut their price target on PPG Industries from $167.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.