WBI Investments LLC Has $794,000 Stock Position in PPG Industries, Inc. (NYSE:PPG)

WBI Investments LLC raised its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 85.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,645 shares of the specialty chemicals company's stock after purchasing an additional 3,070 shares during the quarter. WBI Investments LLC's holdings in PPG Industries were worth $794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PPG. Prudent Man Investment Management Inc. acquired a new stake in PPG Industries during the fourth quarter valued at approximately $36,000. Albion Financial Group UT acquired a new stake in PPG Industries during the fourth quarter valued at approximately $38,000. Crews Bank & Trust acquired a new stake in PPG Industries during the fourth quarter valued at approximately $42,000. Sugar Maple Asset Management LLC acquired a new stake in PPG Industries during the fourth quarter valued at approximately $44,000. Finally, Millstone Evans Group LLC acquired a new stake in PPG Industries during the fourth quarter valued at approximately $46,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays reiterated an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Royal Bank of Canada lifted 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 note on Friday, May 2nd. JPMorgan Chase & Co. cut their target price 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. Citigroup cut their target price on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $128.42.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $114.16 on Tuesday. The firm has a fifty day moving average of $106.50 and a two-hundred day moving average of $114.99. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, May 12th. 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.

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