Atria Wealth Solutions Inc. Buys 144 Shares of PPG Industries, Inc. (NYSE:PPG)

Atria Wealth Solutions Inc. increased its holdings in shares of PPG Industries, Inc. (NYSE:PPGFree Report) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,152 shares of the specialty chemicals company’s stock after acquiring an additional 144 shares during the period. Atria Wealth Solutions Inc.’s holdings in PPG Industries were worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ergoteles LLC grew its position in shares of PPG Industries by 90.3% during the second quarter. Ergoteles LLC now owns 18,257 shares of the specialty chemicals company’s stock worth $2,708,000 after purchasing an additional 8,662 shares in the last quarter. Financial Counselors Inc. grew its position in shares of PPG Industries by 6.4% during the third quarter. Financial Counselors Inc. now owns 1,883 shares of the specialty chemicals company’s stock worth $244,000 after purchasing an additional 114 shares in the last quarter. Coyle Financial Counsel LLC purchased a new stake in shares of PPG Industries during the second quarter worth about $1,151,000. Cibc World Markets Corp grew its position in shares of PPG Industries by 1,010.7% during the second quarter. Cibc World Markets Corp now owns 132,003 shares of the specialty chemicals company’s stock worth $19,576,000 after purchasing an additional 120,118 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its stake in PPG Industries by 113.7% during the third quarter. Greenwood Capital Associates LLC now owns 40,772 shares of the specialty chemicals company’s stock valued at $5,292,000 after buying an additional 21,689 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PPG shares. Robert W. Baird reissued an “outperform” rating and set a $150.00 price target on shares of PPG Industries in a research note on Friday, January 19th. UBS Group increased their price target on PPG Industries from $165.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Vertical Research raised PPG Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wells Fargo & Company increased their price target on PPG Industries from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. Finally, KeyCorp increased their price target on PPG Industries from $166.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus price target of $158.93.

View Our Latest Report on PPG

PPG Industries Price Performance

Shares of PPG stock opened at $140.89 on Tuesday. PPG Industries, Inc. has a 52-week low of $120.32 and a 52-week high of $152.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.05 and a current ratio of 1.47. The firm has a market capitalization of $33.22 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.38 and a beta of 1.30. The stock has a 50 day moving average price of $144.82 and a 200 day moving average price of $137.76.

PPG Industries (NYSE:PPGGet Free Report) last issued its quarterly earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a return on equity of 23.79% and a net margin of 6.96%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company earned $1.22 EPS. PPG Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that PPG Industries, Inc. will post 8.45 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.60 annualized dividend and a yield of 1.85%. PPG Industries’s payout ratio is currently 48.69%.

PPG Industries Company Profile

(Free Report)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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

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