PPG Industries, Inc. (NYSE:PPG) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 49.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,630 shares of the specialty chemicals company's stock after selling 2,623 shares during the period. OneDigital Investment Advisors LLC's holdings in PPG Industries were worth $288,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. LRI Investments LLC raised its position in shares of PPG Industries by 25.3% during the 4th quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 92 shares during the last quarter. Conning Inc. raised its position in shares of PPG Industries by 5.5% during the 1st quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 98 shares during the last quarter. Beacon Capital Management LLC raised its position in shares of PPG Industries by 37.1% during the 1st quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 101 shares during the last quarter. Snowden Capital Advisors LLC raised its position in shares of PPG Industries by 3.7% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock worth $376,000 after purchasing an additional 113 shares during the last quarter. Finally, CVA Family Office LLC raised its position 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 worth $30,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Trading Down 1.5%

Shares of PPG stock traded down $1.73 during trading hours on Friday, hitting $117.34. The company had a trading volume of 770,595 shares, compared to its average volume of 1,861,812. The company's fifty day moving average is $112.51 and its 200 day moving average is $112.14. 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, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The stock has a market capitalization of $26.64 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS 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 firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the business posted $1.87 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. Research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on PPG shares. Bank of America restated a "neutral" rating and set a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Royal Bank Of Canada upped their price objective 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. Wells Fargo & Company upped their price objective 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. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their price objective 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. Nine 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's stock. According to MarketBeat, PPG Industries presently has an average rating of "Moderate Buy" and a consensus target price of $131.83.

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.