Solar Life Monetary Inc. Cuts Holdings in PPG Industries, Inc. (NYSE:PPG)

Solar Life Monetary Inc. trimmed its holdings in shares of PPG Industries, Inc. (NYSE:PPG – Get Ranking) by 16.4% in the course of the third quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The agency owned 4,059 shares of the specialty chemical substances firm’s inventory after promoting 795 shares in the course of the quarter. Solar Life Monetary Inc.’s holdings in PPG Industries have been value $449,000 as of its most up-to-date SEC submitting.

A number of different institutional traders and hedge funds have additionally purchased and bought shares of PPG. JPMorgan Chase & Co. grew its holdings in PPG Industries by 12.8% within the second quarter. JPMorgan Chase & Co. now owns 17,310,493 shares of the specialty chemical substances firm’s inventory value $1,979,281,000 after buying an extra 1,963,056 shares over the past quarter. First Belief Advisors LP grew its holdings in PPG Industries by 280.6% within the first quarter. First Belief Advisors LP now owns 1,734,894 shares of the specialty chemical substances firm’s inventory value $227,393,000 after buying an extra 1,279,104 shares over the past quarter. Boston Companions grew its holdings in PPG Industries by 36.2% within the third quarter. Boston Companions now owns 1,985,929 shares of the specialty chemical substances firm’s inventory value $219,819,000 after buying an extra 527,327 shares over the past quarter. Millennium Administration LLC grew its holdings in PPG Industries by 235.7% within the second quarter. Millennium Administration LLC now owns 617,111 shares of the specialty chemical substances firm’s inventory value $70,560,000 after buying an extra 433,297 shares over the past quarter. Lastly, State Road Corp grew its holdings in PPG Industries by 2.5% within the second quarter. State Road Corp now owns 11,682,267 shares of the specialty chemical substances firm’s inventory value $1,335,750,000 after buying an extra 285,651 shares over the past quarter. 80.04% of the inventory is owned by hedge funds and different institutional traders.

Wall Road Analysts Forecast Development

PPG has been the subject of a number of analyst stories. UBS Group lifted their worth goal on shares of PPG Industries from $144.00 to $150.00 and gave the inventory a “purchase” score in a report on Wednesday, January eleventh. Deutsche Financial institution Aktiengesellschaft lifted their worth goal on shares of PPG Industries from $128.00 to $145.00 in a analysis observe on Monday, January twenty third. Argus lifted their worth goal on shares of PPG Industries from $144.00 to $149.00 in a analysis observe on Monday, January twenty third. Wells Fargo & Firm lifted their worth goal on shares of PPG Industries from $115.00 to $124.00 and gave the inventory an “equal weight” score in a analysis observe on Monday, January twenty third. Lastly, JPMorgan Chase & Co. lifted their worth goal on shares of PPG Industries from $116.00 to $130.00 and gave the inventory a “impartial” score in a analysis observe on Monday, January twenty third. One analyst has rated the inventory with a promote score, 9 have given a maintain score and 9 have issued a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the inventory has a consensus score of “Maintain” and a mean worth goal of $135.55.

Insider Exercise

In different information, Chairman Michael H. Mcgarry bought 61,867 shares of the inventory in a transaction that occurred on Tuesday, January thirty first. The shares have been bought at a mean worth of $129.96, for a complete worth of $8,040,235.32. Following the completion of the sale, the chairman now owns 183,645 shares of the corporate’s inventory, valued at roughly $23,866,504.20. The transaction was disclosed in a submitting with the SEC, which is accessible by this hyperlink. In different information, Chairman Michael H. Mcgarry bought 61,867 shares of the corporate’s inventory in a transaction that occurred on Tuesday, January thirty first. The shares have been bought at a mean worth of $129.96, for a complete worth of $8,040,235.32. Following the transaction, the chairman now straight owns 183,645 shares within the firm, valued at roughly $23,866,504.20. The sale was disclosed in a doc filed with the SEC, which is accessible by this hyperlink. Additionally, VP Anne M. Foulkes bought 21,757 shares of the corporate’s inventory in a transaction that occurred on Tuesday, January twenty fourth. The inventory was bought at a mean worth of $128.33, for a complete transaction of $2,792,075.81. Following the completion of the transaction, the vice chairman now owns 10,577 shares within the firm, valued at $1,357,346.41. The disclosure for this sale will be discovered right here. Company insiders personal 0.50% of the corporate’s inventory.

PPG Industries Inventory Up 0.7 %

Shares of NYSE PPG opened at $129.53 on Thursday. PPG Industries, Inc. has a 12-month low of $107.06 and a 12-month excessive of $141.61. The inventory has a market cap of $30.46 billion, a PE ratio of 29.72, a P/E/G ratio of two.75 and a beta of 1.18. The corporate has a present ratio of 1.52, a fast ratio of 1.04 and a debt-to-equity ratio of 0.97. The corporate has a 50-day shifting common of $128.56 and a 200 day shifting common of $124.95.

PPG Industries (NYSE:PPG – Get Ranking) final introduced its quarterly earnings knowledge on Friday, January twentieth. The specialty chemical substances firm reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. PPG Industries had a internet margin of 5.81% and a return on fairness of twenty-two.55%. The corporate had income of $4.19 billion in the course of the quarter, in comparison with analysts’ expectations of $4.12 billion. Throughout the identical quarter within the prior yr, the corporate earned $1.26 EPS. PPG Industries’s income was down .1% in comparison with the identical quarter final yr. As a bunch, sell-side analysts predict that PPG Industries, Inc. will publish 6.49 EPS for the present fiscal yr.

PPG Industries Publicizes Dividend

The corporate additionally just lately declared a quarterly dividend, which can be paid on Friday, March tenth. Stockholders of document on Friday, February seventeenth can be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, February sixteenth. This represents a $2.48 annualized dividend and a dividend yield of 1.91%. PPG Industries’s dividend payout ratio (DPR) is 57.27%.

PPG Industries Profile

(Get Ranking)

PPG Industries, Inc engages within the manufacture and distribution of paints, coatings, and specialty supplies. It operates by the Efficiency Coatings and Industrial Coatings segments. The Efficiency Coatings phase consists of the refinish, aerospace, protecting and marine, and architectural coatings companies.

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