Vontobel Holding Ltd. Has $454,000 Stock Position in PPG Industries, Inc. (NYSE:PPG)

Vontobel Holding Ltd. increased its stake in PPG Industries, Inc. (NYSE:PPG) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,426 shares of the specialty chemicals company’s stock after acquiring an additional 227 shares during the quarter. Vontobel Holding Ltd.’s holdings in PPG Industries were worth $454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPG. Vest Financial LLC lifted its stake in PPG Industries by 28.9% in the second quarter. Vest Financial LLC now owns 337,726 shares of the specialty chemicals company’s stock valued at $42,516,000 after buying an additional 75,620 shares during the period. BDF Gestion acquired a new position in PPG Industries in the second quarter valued at approximately $3,452,000. State Board of Administration of Florida Retirement System lifted its stake in PPG Industries by 8.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 274,143 shares of the specialty chemicals company’s stock valued at $36,620,000 after buying an additional 22,079 shares during the period. Vanguard Group Inc. increased its holdings in shares of PPG Industries by 17.2% during the first quarter. Vanguard Group Inc. now owns 28,703,066 shares of the specialty chemicals company’s stock valued at $4,159,074,000 after acquiring an additional 4,222,402 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of PPG Industries by 188.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,074 shares of the specialty chemicals company’s stock valued at $1,460,000 after acquiring an additional 6,584 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PPG has been the subject of several recent research reports. KeyCorp decreased their price objective on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Citigroup decreased their price objective on PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Bank of America decreased their price objective on PPG Industries from $152.00 to $150.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. decreased 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. Finally, Mizuho decreased their price objective on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and an average target price of $149.93.

PPG Industries Stock Down 1.7 %

Shares of NYSE:PPG opened at $126.60 on Wednesday. The company has a market capitalization of $29.54 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.05. The business has a fifty day moving average price of $127.56 and a two-hundred day moving average price of $128.85. PPG Industries, Inc. has a 1 year low of $118.07 and a 1 year high of $151.16.

PPG Industries (NYSE:PPG) last announced 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). 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 23.58%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 EPS. Analysts forecast that PPG Industries, Inc. will post 8.19 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be paid a $0.68 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.15%. PPG Industries’s dividend payout ratio (DPR) is presently 43.11%.

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.