Wealth Enhancement Advisory Services LLC Has $7.81 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Wealth Enhancement Advisory Services LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,414 shares of the specialty chemicals company's stock after buying an additional 4,155 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in PPG Industries were worth $7,814,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in PPG Industries during the 4th quarter worth about $26,000. Prudent Man Investment Management Inc. acquired a new stake in PPG Industries during the 4th quarter worth about $36,000. Crews Bank & Trust acquired a new stake in PPG Industries during the 4th quarter worth about $42,000. Millstone Evans Group LLC acquired a new stake in PPG Industries during the 4th quarter worth about $46,000. Finally, Human Investing LLC acquired a new stake in PPG Industries during the 4th quarter worth about $48,000. Institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price target on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Fermium Researc raised PPG Industries to a "strong-buy" rating in a research note 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 note on Wednesday, April 30th. Finally, Citigroup cut their price objective on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $128.42.

PPG Industries Stock Performance

PPG traded down $0.70 during midday trading on Thursday, reaching $111.23. The company's stock had a trading volume of 1,402,125 shares, compared to its average volume of 1,823,182. The stock has a market cap of $25.25 billion, a P/E ratio of 23.52, a PEG ratio of 2.19 and a beta of 1.17. The company has a fifty day simple moving average of $106.44 and a 200 day simple moving average of $113.95. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The company's revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. Research analysts expect 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 will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's payout ratio is presently 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.