PPG Industries, Inc. $PPG Shares Bought by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,401 shares of the specialty chemicals company’s stock after acquiring an additional 224 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in PPG Industries were worth $387,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC boosted its holdings in shares of PPG Industries by 127.6% during the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 125 shares during the period. Cheviot Value Management LLC acquired a new position in shares of PPG Industries during the first quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of PPG Industries during the first quarter valued at $30,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of PPG Industries during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. raised its stake in shares of PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $105.66 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $106.66 and its two-hundred day moving average price is $109.04. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $130.05. The stock has a market cap of $23.85 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.18 and a beta of 1.16.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, hitting the consensus estimate of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the previous year, the business earned $2.50 earnings per share. PPG Industries’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be given a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 annualized dividend and a yield of 2.7%. PPG Industries’s payout ratio is 64.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PPG shares. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a research note on Wednesday, October 8th. Mizuho cut their price objective on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Citigroup cut their price objective on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company cut their price objective on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Finally, UBS Group cut their price objective on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, PPG Industries presently has an average rating of “Moderate Buy” and an average price target of $125.00.

About PPG Industries

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.