Brown Advisory Inc. Has $4.34 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Brown Advisory Inc. lessened its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 94.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,706 shares of the specialty chemicals company's stock after selling 619,045 shares during the quarter. Brown Advisory Inc.'s holdings in PPG Industries were worth $4,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PPG. Park Square Financial Group LLC acquired a new position in PPG Industries during the fourth quarter worth about $26,000. CVA Family Office LLC raised its stake in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 113 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new position in PPG Industries during the fourth quarter worth about $36,000. Beacon Capital Management LLC raised its stake in PPG Industries by 37.1% during the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 101 shares in the last quarter. Finally, CX Institutional acquired a new position in PPG Industries during the first quarter worth about $44,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analyst Ratings Changes

PPG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. Royal Bank Of Canada boosted their target price on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Bank of America reissued a "neutral" rating and set a $126.00 target price (down previously from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. UBS Group boosted their target price on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, PPG Industries has an average rating of "Moderate Buy" and an average price target of $131.83.

PPG Industries Trading Down 1.5%

PPG stock traded down $1.73 during trading on Friday, hitting $117.34. The company had a trading volume of 770,595 shares, compared to its average volume of 1,858,167. The business has a 50-day moving average of $112.51 and a 200-day moving average of $112.20. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The stock has a market cap of $26.64 billion, a PE ratio of 25.13, a PEG ratio of 2.49 and a beta of 1.16. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The business had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the business posted $1.87 earnings per share. The firm's revenue was down 4.3% on a year-over-year basis. Research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's payout ratio is presently 58.24%.

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.