PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its stake in shares of PPG Industries, Inc. (NYSE:PPGGet Rating) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,207 shares of the specialty chemicals company’s stock after acquiring an additional 802 shares during the quarter. Raymond James Trust N.A.’s holdings in PPG Industries were worth $4,025,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL increased its position in shares of PPG Industries by 4.5% during the fourth quarter. Blair William & Co. IL now owns 32,589 shares of the specialty chemicals company’s stock worth $5,620,000 after purchasing an additional 1,408 shares in the last quarter. Rowland & Co. Investment Counsel ADV acquired a new position in PPG Industries during the fourth quarter worth $105,000. Pitcairn Co. acquired a new position in PPG Industries during the fourth quarter worth $210,000. Cartenna Capital LP acquired a new position in PPG Industries during the fourth quarter worth $11,036,000. Finally, LPL Financial LLC boosted its stake in PPG Industries by 11.8% during the fourth quarter. LPL Financial LLC now owns 85,352 shares of the specialty chemicals company’s stock worth $14,718,000 after buying an additional 9,016 shares during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

NYSE PPG opened at $111.92 on Friday. PPG Industries, Inc. has a 1-year low of $107.06 and a 1-year high of $177.32. The company has a market capitalization of $26.30 billion, a P/E ratio of 24.54, a PEG ratio of 2.33 and a beta of 1.16. The business has a 50 day moving average price of $126.18 and a 200 day moving average price of $125.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.50 and a quick ratio of 1.02.

PPG Industries (NYSE:PPGGet Rating) last released its quarterly earnings data on Thursday, July 21st. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. PPG Industries had a return on equity of 22.97% and a net margin of 6.20%. The firm had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.75 billion. Sell-side analysts expect that PPG Industries, Inc. will post 6.73 EPS for the current fiscal year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Wednesday, August 10th were paid a $0.62 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, August 9th. PPG Industries’s dividend payout ratio (DPR) is presently 54.39%.

Wall Street Analysts Forecast Growth

PPG has been the topic of several recent analyst reports. Redburn Partners raised PPG Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 6th. Wells Fargo & Company cut their price target on PPG Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, September 16th. TheStreet upgraded PPG Industries from a “c+” rating to a “b” rating in a report on Monday, September 12th. Mizuho increased their price objective on PPG Industries from $162.00 to $163.00 and gave the company a “buy” rating in a report on Monday, July 25th. Finally, UBS Group dropped their price objective on PPG Industries to $160.00 in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $155.41.

PPG Industries Profile

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PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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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