Sei Investments Co. cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,694 shares of the specialty chemicals company’s stock after selling 867 shares during the quarter. Sei Investments Co.’s holdings in PPG Industries were worth $11,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PPG. Investment Partners Ltd. OH ADV grew its stake in shares of PPG Industries by 0.3% during the 2nd quarter. Investment Partners Ltd. OH ADV now owns 2,485 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 7 shares during the period. Sigma Planning Corp grew its stake in shares of PPG Industries by 0.3% during the 2nd quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock worth $447,000 after purchasing an additional 12 shares during the period. Sullivan Bruyette Speros & Blaney LLC grew its stake in shares of PPG Industries by 0.4% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock worth $348,000 after purchasing an additional 12 shares during the period. Balasa Dinverno & Foltz LLC grew its stake in shares of PPG Industries by 1.6% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 2,027 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 31 shares during the period. Finally, First Interstate Bank grew its stake in shares of PPG Industries by 3.1% during the 2nd quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 35 shares during the period. 74.67% of the stock is owned by institutional investors.

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A number of brokerages have recently commented on PPG. Royal Bank Of Canada reaffirmed a “hold” rating and set a $109.00 price objective on shares of PPG Industries in a research note on Wednesday, August 9th. BidaskClub cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. SunTrust Banks, Inc. cut shares of PPG Industries from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $120.00 to $113.00 in a research note on Monday, July 24th. Zacks Investment Research cut shares of PPG Industries from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Finally, Citigroup Inc. lifted their price target on shares of PPG Industries from $112.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $119.36.

PPG Industries, Inc. (PPG) opened at $113.83 on Friday. PPG Industries, Inc. has a fifty-two week low of $93.80 and a fifty-two week high of $119.85. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $28,967.00, a price-to-earnings ratio of 19.33, a PEG ratio of 2.26 and a beta of 1.59.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.52. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. PPG Industries’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. research analysts expect that PPG Industries, Inc. will post 5.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, November 10th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.80 annualized dividend and a yield of 1.58%. PPG Industries’s dividend payout ratio (DPR) is currently 26.12%.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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

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