Advisory Services Network LLC Has $2.02 Million Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Advisory Services Network LLC increased its position in shares of PPG Industries, Inc. (NYSE:PPGGet Rating) by 16.0% during the 1st quarter, HoldingsChannel reports. The fund owned 15,380 shares of the specialty chemicals company’s stock after purchasing an additional 2,127 shares during the quarter. Advisory Services Network LLC’s holdings in PPG Industries were worth $2,016,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PPG. Wellington Management Group LLP lifted its stake in shares of PPG Industries by 61.7% during the first quarter. Wellington Management Group LLP now owns 13,393,191 shares of the specialty chemicals company’s stock valued at $1,755,445,000 after acquiring an additional 5,109,132 shares during the period. Norges Bank acquired a new position in PPG Industries in the fourth quarter valued at about $275,588,000. First Trust Advisors LP lifted its stake in PPG Industries by 280.6% in the first quarter. First Trust Advisors LP now owns 1,734,894 shares of the specialty chemicals company’s stock valued at $227,393,000 after buying an additional 1,279,104 shares during the period. BlackRock Inc. lifted its stake in PPG Industries by 3.4% in the fourth quarter. BlackRock Inc. now owns 21,452,009 shares of the specialty chemicals company’s stock valued at $3,699,182,000 after buying an additional 698,561 shares during the period. Finally, State Street Corp lifted its stake in PPG Industries by 3.0% in the fourth quarter. State Street Corp now owns 11,498,215 shares of the specialty chemicals company’s stock valued at $1,982,752,000 after buying an additional 338,189 shares during the period. Institutional investors and hedge funds own 80.39% of the company’s stock.

PPG Industries Stock Down 2.5 %

PPG stock opened at $117.48 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.50 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $126.18 and a two-hundred day moving average price of $125.37. The company has a market cap of $27.61 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.47 and a beta of 1.16. PPG Industries, Inc. has a twelve month low of $107.06 and a twelve month high of $177.32.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 10th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.11%. This is an increase from PPG Industries’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Tuesday, August 9th. PPG Industries’s dividend payout ratio (DPR) is currently 54.39%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America cut their target price on PPG Industries from $172.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. StockNews.com upgraded PPG Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. UBS Group lowered their price target on PPG Industries to $160.00 in a report on Friday, July 22nd. Mizuho increased their price target on PPG Industries from $162.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, Credit Suisse Group lowered their price target on PPG Industries to $110.00 in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $155.41.

PPG Industries Profile

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PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; 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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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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