Radnor Capital Management LLC Has $1.07 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Radnor Capital Management LLC lessened its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,962 shares of the specialty chemicals company’s stock after selling 268 shares during the period. Radnor Capital Management LLC’s holdings in PPG Industries were worth $1,071,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its position in shares of PPG Industries by 176.4% in the 2nd quarter. American Century Companies Inc. now owns 226,215 shares of the specialty chemicals company’s stock valued at $28,478,000 after buying an additional 144,357 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in PPG Industries by 20.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,197,012 shares of the specialty chemicals company’s stock valued at $276,576,000 after acquiring an additional 368,410 shares during the last quarter. Virtu Financial LLC acquired a new stake in PPG Industries during the 2nd quarter valued at approximately $2,342,000. Bradley Foster & Sargent Inc. CT raised its holdings in PPG Industries by 1.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 5,310 shares of the specialty chemicals company’s stock worth $669,000 after purchasing an additional 90 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of PPG Industries by 5.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 21,987 shares of the specialty chemicals company’s stock worth $2,954,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 1,985 shares of the business’s stock in a transaction that occurred on 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by company insiders.

PPG Industries Price Performance

Shares of PPG opened at $117.63 on Thursday. The business’s fifty day moving average is $121.66 and its 200 day moving average is $124.91. PPG Industries, Inc. has a 12-month low of $113.00 and a 12-month high of $145.86. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $27.29 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.90 and a beta of 1.24.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.07 earnings per share. Sell-side analysts anticipate that PPG Industries, Inc. will post 8.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of PPG Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Royal Bank of Canada lowered their price objective on PPG Industries from $138.00 to $136.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Citigroup lowered their target price on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their price target on PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.29.

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.