1,358 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by KLCM Advisors Inc.

KLCM Advisors Inc. purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,358 shares of the specialty chemicals company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently added to or reduced their stakes in PPG. FMR LLC lifted its holdings in 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 in the last quarter. Nomura Holdings Inc. lifted its holdings in 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 in the last quarter. Financial Counselors Inc. lifted its holdings in 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 in the last quarter. Vest Financial LLC lifted its holdings in 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 in the last quarter. Finally, Trust Point Inc. acquired a new position in PPG Industries in the 4th quarter worth $1,145,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG opened at $134.96 on Thursday. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.28. PPG Industries, Inc. has a fifty-two week low of $120.32 and a fifty-two week high of $152.89. The company’s 50-day moving average price is $140.60 and its 200 day moving average price is $138.90. 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 released its quarterly earnings data on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.04. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. PPG Industries had a net margin of 6.96% and a return on equity of 23.51%. PPG Industries’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. As a group, sell-side analysts expect that PPG Industries, Inc. will post 8.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PPG shares. Vertical Research upgraded shares of PPG Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. UBS Group restated a “neutral” rating and issued a $156.00 target price (down previously from $173.00) on shares of PPG Industries in a research note on Thursday, March 7th. Redburn Atlantic lowered shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Thursday, February 1st. Citigroup cut their target price on shares of PPG Industries from $170.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada cut 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 research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.40.

Insider Buying and Selling

In other news, CFO Vincent J. Morales sold 3,400 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 28,439 shares in the company, valued at $4,008,192.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

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.