Avior Wealth Management LLC Buys 4,963 Shares of PPG Industries, Inc. (NYSE:PPG)

Avior Wealth Management LLC increased its position in PPG Industries, Inc. (NYSE:PPG) by 1,527.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,288 shares of the specialty chemicals company’s stock after purchasing an additional 4,963 shares during the period. Avior Wealth Management LLC’s holdings in PPG Industries were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new stake in shares of PPG Industries during the fourth quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. boosted its stake in PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of PPG Industries in the 3rd quarter worth $34,000. Albion Financial Group UT purchased a new position in shares of PPG Industries in the fourth quarter worth $38,000. Finally, Hara Capital LLC bought a new position in shares of PPG Industries during the third quarter valued at $40,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $122.75 on Friday. The stock has a market cap of $28.48 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. PPG Industries, Inc. has a 1 year low of $113.00 and a 1 year high of $145.60. The firm has a fifty day moving average price of $121.17 and a 200-day moving average price of $124.70. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 dividend on an annualized basis and a yield of 2.22%. PPG Industries’s payout ratio is presently 43.11%.

Insider Buying and Selling at PPG Industries

In related news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction dated Thursday, October 31st. The stock was 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 in the company, valued at approximately $1,692,513.20. This trade represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

PPG has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Royal Bank of Canada decreased 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Mizuho decreased their target price on shares of PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Citigroup dropped their price target on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.23.

About PPG Industries

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.