Confluence Wealth Services Inc. Has $588,000 Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Confluence Wealth Services Inc. lifted its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 81.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,776 shares of the specialty chemicals company's stock after buying an additional 2,590 shares during the period. Confluence Wealth Services Inc.'s holdings in PPG Industries were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PPG. Park Square Financial Group LLC bought a new stake in shares of PPG Industries during the 4th quarter valued at $26,000. CVA Family Office LLC raised its stake in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 113 shares in the last quarter. Prudent Man Investment Management Inc. bought a new stake in PPG Industries during the fourth quarter worth about $36,000. Beacon Capital Management LLC grew 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 buying an additional 101 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in PPG Industries during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Price Performance

PPG traded down $0.12 on Monday, reaching $114.04. The stock had a trading volume of 150,328 shares, compared to its average volume of 1,845,365. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. PPG Industries, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $137.24. The firm has a 50-day moving average of $109.94 and a 200-day moving average of $112.36.

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

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.39%. PPG Industries's dividend payout ratio (DPR) is presently 58.24%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Argus cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, UBS Group lifted their price target on PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Nine 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 has an average rating of "Moderate Buy" and a consensus target price of $129.83.

About PPG Industries

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.