Assenagon Asset Management S.A. Buys 6,290 Shares of PPG Industries, Inc. (NYSE:PPG)
Assenagon Asset Management S.A. Buys 6,290 Shares of PPG Industries, Inc. (NYSE:PPG)
Assenagon Asset Management S.A. boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG – Get Rating) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,206 shares of the specialty chemicals company's stock after buying an additional 6,290 shares during the quarter. Assenagon Asset Management S.A.'s holdings in PPG Industries were worth $6,313,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Kesler Norman & Wride LLC increased its position in PPG Industries by 1.0% during the 3rd quarter. Kesler Norman & Wride LLC now owns 8,448 shares of the specialty chemicals company's stock valued at $935,000 after purchasing an additional 86 shares during the period. Parkside Financial Bank & Trust lifted its position in PPG Industries by 45.8% during the first quarter. Parkside Financial Bank & Trust now owns 277 shares of the specialty chemicals company's stock valued at $36,000 after acquiring an additional 87 shares during the last quarter. McDonald Partners LLC increased its position in shares of PPG Industries by 2.6% during the third quarter. McDonald Partners LLC now owns 3,594 shares of the specialty chemicals company's stock worth $398,000 after purchasing an additional 91 shares in the last quarter. Lumature Wealth Partners LLC increased its position in shares of PPG Industries by 4.9% during the third quarter. Lumature Wealth Partners LLC now owns 1,956 shares of the specialty chemicals company's stock worth $217,000 after purchasing an additional 92 shares in the last quarter. Finally, Harfst & Associates Inc. increased its position in shares of PPG Industries by 1.5% during the third quarter. Harfst & Associates Inc. now owns 6,268 shares of the specialty chemicals company's stock worth $694,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 80.04% of the company's stock.
Get PPG Industries alerts:Analysts Set New Price Targets
PPG has been the topic of a number of recent analyst reports. Credit Suisse Group upped their price target on PPG Industries from $104.00 to $118.00 and gave the stock an "underperform" rating in a research report on Friday, January 20th. BNP Paribas downgraded PPG Industries from an "outperform" rating to a "neutral" rating and set a $130.00 target price on the stock. in a research report on Monday, January 23rd. StockNews.com assumed coverage on PPG Industries in a research report on Thursday, March 16th. They issued a "buy" rating on the stock. UBS Group upped their target price on PPG Industries from $144.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, January 11th. Finally, Wells Fargo & Company upped their target price on PPG Industries from $115.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $135.84.
PPG Industries Trading Up 1.6 %
PPG stock opened at $125.44 on Friday. The company's 50-day simple moving average is $129.07 and its 200-day simple moving average is $124.81. The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.97. PPG Industries, Inc. has a 52-week low of $107.06 and a 52-week high of $138.10. The firm has a market cap of $29.52 billion, a P/E ratio of 28.97, a PEG ratio of 2.76 and a beta of 1.17.
PPG Industries (NYSE:PPG – Get Rating) last released its quarterly earnings results on Friday, January 20th. The specialty chemicals company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. PPG Industries had a net margin of 5.81% and a return on equity of 22.55%. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts forecast that PPG Industries, Inc. will post 6.49 EPS for the current fiscal year.
PPG Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 17th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, February 16th. This represents a $2.48 annualized dividend and a dividend yield of 1.98%. PPG Industries's dividend payout ratio (DPR) is presently 57.27%.
Insider Buying and Selling
In related news, Chairman Michael H. Mcgarry sold 61,867 shares of the company's stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $129.96, for a total transaction of $8,040,235.32. Following the completion of the transaction, the chairman now owns 183,645 shares in the company, valued at approximately $23,866,504.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Michael H. Mcgarry sold 61,867 shares of the company's stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $129.96, for a total transaction of $8,040,235.32. Following the completion of the transaction, the chairman now owns 183,645 shares in the company, valued at approximately $23,866,504.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 21,757 shares of the company's stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of $128.33, for a total transaction of $2,792,075.81. Following the transaction, the vice president now owns 10,577 shares of the company's stock, valued at approximately $1,357,346.41. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.
PPG Industries Profile
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PPG Industries, Inc engages in the manufacture and distribution of paints, coatings, and specialty materials. It operates through the Performance Coatings and Industrial Coatings segments. The Performance Coatings segment supplies a variety of protective and decorative coatings, sealants, and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor.
See Also
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根據資產管理公司最近提交給美國證券交易委員會(美國證券交易委員會)的13F檔案,該公司第四季度增持了PPG Industries,Inc.(紐約證券交易所代碼:PPG-GET評級)的股份14.3%。該機構投資者在本季度額外購買了6,290股票後,持有這家特種化學品公司的50,206股票。截至最近提交給美國證券交易委員會的檔案,Assenagon Asset Management S.A.持有的PPG Industries股份價值6,313,000美元。
其他一些機構投資者和對沖基金最近也增持或減持了PPG的股份。Kesler Norman&Wide LLC在第三季度將其在PPG Industries的頭寸增加了1.0%。Kesler Norman&Wide LLC在此期間又購買了86股,現在擁有8,448股這家特種化學品公司的股票,價值93.5萬美元。Parkside Financial Bank&Trust在第一季度將其在PPG Industries的頭寸提高了45.8%。Parkside Financial Bank&Trust現在擁有277股這家特種化學品公司的股票,價值3.6萬美元,在上個季度又購買了87股。McDonald Partners LLC在第三季度將其在PPG Industries的股票頭寸增加了2.6%。McDonald Partners LLC現在持有這家特種化學品公司3594股股票,價值39.8萬美元,上個季度又購買了91股。Lumature Wealth Partners LLC在第三季度將其在PPG Industries的股票頭寸增加了4.9%。Lumature Wealth Partners LLC現在持有這家特種化學品公司1,956股股票,價值21.7萬美元,上個季度又購買了92股。最後,Harfst&Associates Inc.在第三季度將其在PPG Industries的股票頭寸增加了1.5%。Harfst&Associates Inc.現在持有這家特種化學品公司6,268股股票,價值694,000美元,此前該公司在上個季度又購買了93股。機構投資者持有該公司80.04%的股票。
到達PPG工業警報:分析師設定新的價格目標
PPG一直是最近許多分析師報告的主題。瑞士信貸集團將PPG Industries的目標價從104.00美元上調至118.00美元,並在1月20日(星期五)的一份研究報告中給出了該股“表現不佳”的評級。法國巴黎銀行將PPG Industries的評級從表現優於大盤下調至中性,並為該股設定了130.00美元的目標價。在1月23日星期一的一份研究報告中。斯托克新聞網在3月16日星期四的一份研究報告中對PPG Industries進行了報道。他們對該股的評級為“買入”。1月11日,瑞銀集團在一份研究報告中將PPG Industries的目標價從144.00美元上調至150.00美元,並給予該公司“買入”評級。最後,富國銀行將PPG Industries的目標價從115.00美元上調至124.00美元,並在1月23日星期一的一份研究報告中給予該公司“同等權重”的評級。一名股票研究分析師將該股評級為賣出,8名分析師給予持有評級,9名分析師對該股給予買入評級。根據MarketBeat的數據,該公司的共識評級為持有,共識目標價為135.84美元。
PPG工業公司股價上漲1.6%
PPG股價上週五開盤報125.44美元。該公司的50日簡單移動均線切入位在129.07美元,200日簡單移動均線切入位在124.81美元。該公司的速動比率為1.04,流動比率為1.52,債務權益比率為0.97。PPG Industries,Inc.的52周低點為107.06美元,52周高位為138.10美元。該公司的市值為295.2億美元,本益比為28.97倍,聚乙二醇率為2.76倍,貝塔係數為1.17。
PPG Industries(紐約證券交易所代碼:PPG-GET Rating)最近一次發佈季度收益報告是在1月20日星期五。這家特種化學品公司公佈本季度每股收益為1.22美元,比普遍預期的1.14美元高出0.08美元。PPG Industries的淨利潤率為5.81%,股本回報率為22.55%。該公司本季度營收為41.9億美元,而市場普遍預期為41.2億美元。去年同一季度,該公司每股收益為1.26美元。該公司本季度的營收同比下降了1.1%。作為一個整體,股票分析師預測PPG Industries,Inc.本財年每股收益將達到6.49美元。
PPG Industries宣佈派息
該公司最近還宣佈了季度股息,股息於3月10日(星期五)支付。2月17日(星期五)登記在冊的投資者獲得了每股0.62美元的股息。除息日期是2月16日星期四。這意味著年化股息為2.48美元,股息收益率為1.98%。PPG Industries的股息支付率(DPR)目前為57.27%。
內幕買賣
在相關新聞中,董事長邁克爾·H·麥克格裡在一筆日期為1月31日星期二的交易中出售了61,867股公司股票。這些股票以129.96美元的平均價格出售,總成交金額為8,040,235.32美元。交易完成後,董事長現在擁有該公司183,645股,價值約23,866,504.20美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可以通過美國證券交易委員會網站。在相關新聞中,董事長邁克爾·H·麥克格裡在一筆日期為1月31日星期二的交易中出售了61,867股公司股票。這些股票以129.96美元的平均價格出售,總成交金額為8,040,235.32美元。交易完成後,董事長現在擁有該公司183,645股,價值約23,866,504.20美元。這筆交易是在提交給美國證券交易委員會的一份法律檔案中披露的,該檔案可以通過美國證券交易委員會網站。此外,副總裁安妮·M·福克斯在1月24日星期二的交易中出售了21,757股公司股票。該股以128.33美元的平均價格出售,總成交金額為2792,075.81美元。交易完成後,副總經理總裁現在持有該公司10577股股票,價值約1,357,346.41美元。關於這次銷售的披露可以找到這裡。內部人士持有該公司0.55%的股份。
PPG行業簡介
(獲取評級)
PPG工業公司從事油漆、塗料和特種材料的製造和分銷。它通過高性能塗料和工業塗料部門開展業務。高性能塗料部門提供各種防護和裝飾性塗料、密封劑和麵漆,以及路面標記產品、脫漆劑、汙漬和相關化學品,以及透明膠片和透明鎧裝。
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