PPG Industries, Inc. (NYSE:PPG) Stock Holdings Trimmed by Global Retirement Partners LLC

Global Retirement Partners LLC lowered its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,916 shares of the specialty chemicals company’s stock after selling 163 shares during the period. Global Retirement Partners LLC’s holdings in PPG Industries were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PPG. Financial Connections Group Inc. purchased a new stake in shares of PPG Industries during the second quarter valued at $25,000. Riverview Trust Co acquired a new position in PPG Industries during the first quarter valued at $34,000. Rothschild Investment LLC acquired a new position in PPG Industries in the 2nd quarter worth about $37,000. LRI Investments LLC increased its position in PPG Industries by 463.8% in the 2nd quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 320 shares during the last quarter. Finally, Slocum Gordon & Co LLP increased its position in PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE PPG opened at $130.93 on Monday. The business’s 50 day moving average price is $127.21 and its two-hundred day moving average price is $129.01. The company has a market cap of $30.55 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.49 and a debt-to-equity ratio of 0.73. PPG Industries, Inc. has a twelve month low of $118.07 and a twelve month high of $151.16.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). PPG Industries had a return on equity of 23.57% and a net margin of 7.98%. The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, analysts predict that PPG Industries, Inc. will post 8.24 EPS for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, November 12th. PPG Industries’s dividend payout ratio is presently 44.59%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PPG shares. Royal Bank of Canada decreased their price target on PPG Industries from $140.00 to $139.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 23rd. Citigroup reduced their price objective on PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. UBS Group increased their target price on PPG Industries from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Barclays dropped their price target on PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. Finally, KeyCorp dropped their price target on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $150.50.

PPG Industries Company 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.