Wealthfront Advisers LLC Has $3.76 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Wealthfront Advisers LLC raised its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 53.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,340 shares of the specialty chemicals company's stock after buying an additional 12,008 shares during the quarter. Wealthfront Advisers LLC's holdings in PPG Industries were worth $3,755,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. LRI Investments LLC boosted its position 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 purchasing an additional 92 shares in the last quarter. Conning Inc. raised its holdings in shares of PPG Industries by 5.5% in the first quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock worth $206,000 after buying an additional 98 shares during the period. Beacon Capital Management LLC increased its holdings in 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 period. Chilton Capital Management LLC boosted its position in shares of PPG Industries by 22.6% in the 1st quarter. Chilton Capital Management LLC now owns 576 shares of the specialty chemicals company's stock worth $63,000 after purchasing an additional 106 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its stake in PPG Industries by 3.7% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock worth $376,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

PPG Industries Trading Up 0.5%

NYSE PPG opened at $116.11 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $26.36 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The firm's fifty day simple moving average is $113.07 and its 200-day simple moving average is $112.07.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share 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 during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the company posted $1.87 EPS. PPG Industries's revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is 58.24%.

Analyst Upgrades and Downgrades

PPG has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America reaffirmed a "neutral" rating and set a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. UBS Group upped their price target on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Mizuho boosted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PPG Industries has an average rating of "Moderate Buy" and an average price target of $131.42.

About PPG Industries

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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