Huntleigh Advisors Inc. Raises Position in PPG Industries, Inc. (NYSE:PPG)

Huntleigh Advisors Inc. boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,043 shares of the specialty chemicals company’s stock after buying an additional 477 shares during the period. Huntleigh Advisors Inc.’s holdings in PPG Industries were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of PPG Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company’s stock worth $3,508,210,000 after acquiring an additional 756,937 shares during the last quarter. Wellington Management Group LLP boosted its stake in PPG Industries by 17.7% during the 4th quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company’s stock worth $1,262,234,000 after purchasing an additional 1,590,041 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PPG Industries by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company’s stock worth $660,752,000 after buying an additional 93,455 shares in the last quarter. Invesco Ltd. raised its position in shares of PPG Industries by 6.1% in the fourth quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company’s stock valued at $564,596,000 after buying an additional 271,699 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of PPG Industries by 482.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company’s stock worth $518,132,000 after buying an additional 3,592,655 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

NYSE:PPG opened at $118.28 on Friday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The firm has a 50 day simple moving average of $111.14 and a 200-day simple moving average of $112.33. The firm has a market cap of $26.85 billion, a PE ratio of 25.33, a P/E/G ratio of 2.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99.

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

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries’s dividend payout ratio (DPR) is currently 58.24%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PPG shares. JPMorgan Chase & Co. cut their price target on PPG Industries from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Fermium Researc raised shares of PPG Industries to a “strong-buy” rating in a research report on Thursday, May 1st. Argus cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, Royal Bank Of Canada lifted their target price on shares of PPG Industries from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.67.

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.