Wealth Enhancement Advisory Services LLC Has $6.62 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Wealth Enhancement Advisory Services LLC lowered its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,528 shares of the specialty chemicals company's stock after selling 4,886 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in PPG Industries were worth $6,619,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC boosted its stake in shares of PPG Industries by 25.3% during the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. Snowden Capital Advisors LLC grew its holdings in PPG Industries by 3.7% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock valued at $376,000 after purchasing an additional 113 shares during the period. CVA Family Office LLC increased its position in PPG Industries by 70.6% during the first 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. Aptus Capital Advisors LLC raised its stake in PPG Industries by 5.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 2,585 shares of the specialty chemicals company's stock worth $309,000 after purchasing an additional 122 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of PPG Industries by 2.5% in the 4th quarter. Signaturefd LLC now owns 5,268 shares of the specialty chemicals company's stock valued at $629,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Price Performance

PPG Industries stock traded up $0.42 during mid-day trading on Friday, hitting $114.20. The company's stock had a trading volume of 2,188,187 shares, compared to its average volume of 1,852,029. The stock has a market capitalization of $25.92 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.39 and a beta of 1.17. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The stock's fifty day moving average price is $109.94 and its two-hundred day moving average price is $112.44. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79.

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, beating analysts' consensus estimates of $1.62 by $0.10. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. PPG Industries's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.87 EPS. Research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's dividend payout ratio is 58.24%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PPG. Bank of America reissued a "neutral" rating and set a $126.00 target price (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. 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 report on Thursday, May 1st. UBS Group raised their price objective on PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price objective on PPG Industries from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.83.

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.