PPG Industries, Inc. (NYSE:PPG) Stock Holdings Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 203.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,513 shares of the specialty chemicals company's stock after purchasing an additional 3,694 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in PPG Industries were worth $603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LRI Investments LLC grew its holdings in shares of PPG Industries by 25.3% during the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 92 shares during the last quarter. Conning Inc. increased its stake in shares of PPG Industries by 5.5% during the first quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 98 shares in the last quarter. Beacon Capital Management LLC grew its stake in PPG Industries by 37.1% during the 1st 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. Chilton Capital Management LLC grew its stake in shares of PPG Industries by 22.6% in the 1st quarter. Chilton Capital Management LLC now owns 576 shares of the specialty chemicals company's stock valued at $63,000 after buying an additional 106 shares during the period. Finally, Motco lifted its holdings in shares of PPG Industries by 19.3% in the 1st quarter. Motco now owns 680 shares of the specialty chemicals company's stock worth $74,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

Analysts Set New Price Targets

PPG has been the topic of a number of research reports. Royal Bank Of Canada increased their target price on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. UBS Group raised their target price on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Mizuho lifted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Citigroup upped their price target on shares of PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.82.

PPG Industries Stock Performance

PPG stock traded down $0.11 during midday trading on Friday, reaching $111.84. The stock had a trading volume of 1,400,249 shares, compared to its average volume of 2,240,021. The stock has a market cap of $25.24 billion, a PE ratio of 25.36, a P/E/G ratio of 2.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The firm has a fifty day simple moving average of $112.44 and a two-hundred day simple moving average of $110.78. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.22. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 earnings per share. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.71 per share. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries's dividend payout ratio is 64.40%.

PPG Industries 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.