J.W. Cole Advisors Inc. Grows Stake in PPG Industries, Inc. (NYSE:PPG)

J.W. Cole Advisors Inc. boosted its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,501 shares of the specialty chemicals company's stock after buying an additional 3,816 shares during the period. J.W. Cole Advisors Inc.'s holdings in PPG Industries were worth $1,804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in PPG Industries in the fourth quarter valued at $26,000. CVA Family Office LLC increased 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 in the fourth quarter valued at $36,000. Beacon Capital Management LLC increased its stake 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 in the last quarter. Finally, Cromwell Holdings LLC increased its stake in PPG Industries by 88.0% in the first quarter. Cromwell Holdings LLC now owns 393 shares of the specialty chemicals company's stock valued at $43,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Royal Bank Of Canada lifted their price target on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Citigroup lifted their price target on shares of PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, Wells Fargo & Company lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $129.45.

PPG Industries Stock Up 0.9%

Shares of NYSE:PPG traded up $1.04 during midday trading on Friday, hitting $116.06. 1,280,154 shares of the company's stock were exchanged, compared to its average volume of 1,578,672. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99. The stock has a 50 day moving average price of $113.41 and a 200-day moving average price of $112.00. The company has a market cap of $26.35 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24.

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. 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the previous year, the company earned $1.87 earnings per share. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, August 11th. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.45%. PPG Industries's payout ratio is 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.