PPG Industries, Inc. (NYSE:PPG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 13,977.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,990 shares of the specialty chemicals company's stock after buying an additional 163,818 shares during the period. SG Americas Securities LLC owned about 0.07% of PPG Industries worth $18,042,000 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 boosted its stake in shares of PPG Industries by 25.3% in the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 92 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of PPG Industries by 1.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 8,288 shares of the specialty chemicals company's stock worth $990,000 after purchasing an additional 103 shares during the last quarter. Savant Capital LLC lifted its position in PPG Industries by 0.9% in the fourth quarter. Savant Capital LLC now owns 11,779 shares of the specialty chemicals company's stock valued at $1,407,000 after buying an additional 107 shares during the last quarter. G&S Capital LLC boosted its stake in PPG Industries by 2.2% during the fourth quarter. G&S Capital LLC now owns 5,024 shares of the specialty chemicals company's stock worth $600,000 after buying an additional 109 shares during the period. Finally, Snowden Capital Advisors LLC increased its position in shares of PPG Industries by 3.7% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock valued at $376,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

Wall Street Analyst Weigh In

PPG has been the topic of a number of research analyst reports. Citigroup cut their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Stock Down 1.0%

PPG Industries stock traded down $1.15 during midday trading on Thursday, reaching $111.86. The company's stock had a trading volume of 398,493 shares, compared to its average volume of 1,819,356. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The business has a 50-day simple moving average of $107.09 and a 200-day simple moving average of $113.72. The company has a market cap of $25.39 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.19 and a beta of 1.17.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the firm posted $1.87 EPS. The company's revenue was down 4.3% on a year-over-year basis. On average, research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a $0.68 dividend. The ex-dividend date is Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.43%. 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.