Signaturefd LLC Reduces Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Signaturefd LLC lessened its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,093 shares of the specialty chemicals company’s stock after selling 175 shares during the quarter. Signaturefd LLC’s holdings in PPG Industries were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PPG. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries in the 4th quarter worth about $26,000. CVA Family Office LLC increased its position in PPG Industries by 70.6% during the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 113 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in PPG Industries during the 4th quarter worth approximately $36,000. Beacon Capital Management LLC grew its position in PPG Industries by 37.1% in the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 101 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho raised their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on PPG Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price objective on PPG Industries from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price target on PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Fermium Researc upgraded PPG Industries to a “strong-buy” rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PPG Industries presently has a consensus rating of “Moderate Buy” and an average price target of $131.42.

PPG Industries Price Performance

NYSE PPG opened at $116.11 on Friday. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The firm’s 50 day moving average price is $113.07 and its 200-day moving average price is $112.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35. The company has a market cap of $26.36 billion, a PE ratio of 24.86, a P/E/G ratio of 2.42 and a beta of 1.16.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.10. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the previous year, the business posted $1.87 EPS. PPG Industries’s revenue was down 4.3% on a year-over-year basis. Sell-side analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. PPG Industries’s payout ratio is 58.24%.

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.