Capital Analysts LLC Has $3.11 Million Holdings in PPG Industries, Inc. (PPG)

Capital Analysts LLC raised its holdings in PPG Industries, Inc. (NYSE:PPG) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,648 shares of the specialty chemicals company’s stock after acquiring an additional 1,511 shares during the quarter. Capital Analysts LLC’s holdings in PPG Industries were worth $3,113,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PPG. Green Square Capital LLC lifted its stake in shares of PPG Industries by 19.4% in the first quarter. Green Square Capital LLC now owns 2,866 shares of the specialty chemicals company’s stock worth $301,000 after buying an additional 466 shares during the last quarter. Aristotle Capital Management LLC lifted its stake in shares of PPG Industries by 5.0% in the first quarter. Aristotle Capital Management LLC now owns 2,287,666 shares of the specialty chemicals company’s stock worth $240,388,000 after buying an additional 108,724 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of PPG Industries by 902.0% in the first quarter. Bank of Nova Scotia now owns 58,936 shares of the specialty chemicals company’s stock worth $6,193,000 after buying an additional 53,054 shares during the last quarter. Boston Common Asset Management LLC lifted its stake in shares of PPG Industries by 25.6% in the first quarter. Boston Common Asset Management LLC now owns 42,932 shares of the specialty chemicals company’s stock worth $4,511,000 after buying an additional 8,764 shares during the last quarter. Finally, Piedmont Investment Advisors LLC lifted its stake in shares of PPG Industries by 0.8% in the first quarter. Piedmont Investment Advisors LLC now owns 56,245 shares of the specialty chemicals company’s stock worth $5,910,000 after buying an additional 466 shares during the last quarter. Institutional investors and hedge funds own 74.67% of the company’s stock.

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In other PPG Industries news, insider Viktoras R. Sekmakas sold 18,616 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $102.49, for a total value of $1,907,953.84. Following the sale, the insider now owns 15,545 shares of the company’s stock, valued at approximately $1,593,207.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.72% of the company’s stock.

Shares of PPG Industries, Inc. (NYSE:PPG) traded down $0.46 during trading on Monday, reaching $114.67. 908,500 shares of the company’s stock traded hands, compared to its average volume of 1,459,015. The company has a market cap of $29,160.00, a price-to-earnings ratio of 19.47, a PEG ratio of 2.28 and a beta of 1.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.65 and a quick ratio of 1.26. PPG Industries, Inc. has a 12-month low of $93.80 and a 12-month high of $119.85.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 EPS. sell-side analysts forecast that PPG Industries, Inc. will post 5.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, November 9th. PPG Industries’s dividend payout ratio (DPR) is presently 35.86%.

A number of brokerages have recently weighed in on PPG. Citigroup Inc. boosted their price objective on shares of PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Credit Suisse Group set a $119.00 price objective on shares of PPG Industries and gave the stock a “buy” rating in a research note on Friday, October 20th. Bank of America Corporation set a $120.00 price objective on shares of PPG Industries and gave the stock a “hold” rating in a research note on Friday, October 20th. Robert W. Baird boosted their price objective on shares of PPG Industries from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research lowered shares of PPG Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $119.36.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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