UMB Bank n.a. Buys 235 Shares of PPG Industries, Inc. (NYSE:PPG)

UMB Bank n.a. raised its position in shares of PPG Industries, Inc. (NYSE:PPG) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,338 shares of the specialty chemicals company’s stock after purchasing an additional 235 shares during the quarter. UMB Bank n.a.’s holdings in PPG Industries were worth $1,713,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Insight Folios Inc lifted its position in shares of PPG Industries by 3.8% in the third quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company’s stock valued at $294,000 after acquiring an additional 81 shares in the last quarter. Alpha DNA Investment Management LLC lifted its holdings in PPG Industries by 1.1% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 8,344 shares of the specialty chemicals company’s stock worth $1,105,000 after purchasing an additional 92 shares in the last quarter. Groupama Asset Managment boosted its stake in PPG Industries by 1.2% in the 3rd quarter. Groupama Asset Managment now owns 7,750 shares of the specialty chemicals company’s stock worth $1,027,000 after purchasing an additional 93 shares during the period. Kingsview Wealth Management LLC grew its holdings in PPG Industries by 1.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,185 shares of the specialty chemicals company’s stock valued at $1,084,000 after buying an additional 107 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its position in shares of PPG Industries by 3.6% during the third quarter. Global X Japan Co. Ltd. now owns 3,369 shares of the specialty chemicals company’s stock valued at $446,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.5 %

Shares of NYSE PPG opened at $120.14 on Tuesday. PPG Industries, Inc. has a 1 year low of $113.00 and a 1 year high of $145.86. The firm has a 50-day simple moving average of $121.26 and a two-hundred day simple moving average of $124.80. The company has a market cap of $27.87 billion, a P/E ratio of 19.04, a PEG ratio of 1.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.26%. PPG Industries’s dividend payout ratio (DPR) is 43.11%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research reports. StockNews.com lowered shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. KeyCorp lowered PPG Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. Finally, Mizuho lowered their target price on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, PPG Industries has an average rating of “Moderate Buy” and an average price target of $149.23.

Insider Activity

In other news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries 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 approximately $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

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.