Cantor Fitzgerald Investment Advisors L.P. Acquires 31,091 Shares of PPG Industries, Inc. (NYSE:PPG)

Cantor Fitzgerald Investment Advisors L.P. raised its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 62.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,851 shares of the specialty chemicals company's stock after acquiring an additional 31,091 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in PPG Industries were worth $8,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Park Square Financial Group LLC acquired a new stake in PPG Industries in the fourth quarter valued at approximately $26,000. CVA Family Office LLC boosted its holdings in shares of PPG Industries by 70.6% during the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 113 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in PPG Industries during the 4th quarter worth $36,000. Beacon Capital Management LLC raised its position in PPG Industries by 37.1% in the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 101 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Performance

Shares of PPG opened at $108.18 on Friday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The company has a market cap of $24.56 billion, a PE ratio of 23.16, a P/E/G ratio of 2.45 and a beta of 1.17. The stock has a 50-day moving average of $108.41 and a 200-day moving average of $113.06. 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm posted $1.87 EPS. PPG Industries's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were given a $0.68 dividend. The ex-dividend date was Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.51%. PPG Industries's payout ratio is 58.24%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PPG. Royal Bank Of Canada upped their price objective on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Seaport Res Ptn cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upped their price target on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Bank of America reissued a "neutral" rating and issued a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Finally, Fermium Researc raised PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Nine research 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 has a consensus rating of "Moderate Buy" and an average target price of $129.83.

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.

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