Pathstone Family Office LLC Has $1.44 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Pathstone Family Office LLC raised its position in PPG Industries, Inc. (NYSE:PPGFree Report) by 238.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,059 shares of the specialty chemicals company’s stock after purchasing an additional 7,793 shares during the period. Pathstone Family Office LLC’s holdings in PPG Industries were worth $1,435,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PPG. Moneta Group Investment Advisors LLC boosted its holdings in PPG Industries by 163,082.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,157,889 shares of the specialty chemicals company’s stock valued at $522,813,000 after purchasing an additional 4,155,341 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in PPG Industries by 602,706.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,640,291 shares of the specialty chemicals company’s stock valued at $331,994,000 after purchasing an additional 2,639,853 shares during the period. Norges Bank bought a new position in PPG Industries in the 4th quarter valued at $318,155,000. First Trust Advisors LP boosted its holdings in PPG Industries by 280.6% in the 1st quarter. First Trust Advisors LP now owns 1,734,894 shares of the specialty chemicals company’s stock valued at $227,393,000 after purchasing an additional 1,279,104 shares during the period. Finally, Morgan Stanley boosted its holdings in PPG Industries by 26.5% in the 4th quarter. Morgan Stanley now owns 2,775,122 shares of the specialty chemicals company’s stock valued at $348,944,000 after purchasing an additional 581,750 shares during the period. 79.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PPG has been the topic of several research reports. Redburn Atlantic cut shares of PPG Industries from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Thursday, February 1st. Wells Fargo & Company raised their price objective on shares of PPG Industries from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. KeyCorp raised their price objective on shares of PPG Industries from $166.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, January 9th. Vertical Research upgraded shares of PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Citigroup lowered their price objective on shares of PPG Industries from $154.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.93.

Check Out Our Latest Analysis on PPG Industries

PPG Industries Price Performance

Shares of NYSE:PPG opened at $139.58 on Monday. The stock has a market cap of $32.91 billion, a PE ratio of 26.14, a PEG ratio of 1.38 and a beta of 1.30. The company’s fifty day moving average is $144.87 and its 200 day moving average is $137.79. PPG Industries, Inc. has a 52 week low of $120.32 and a 52 week high of $152.89. The company has a quick ratio of 1.05, a current ratio of 1.47 and a debt-to-equity ratio of 0.71.

PPG Industries (NYSE:PPGGet Free Report) last issued its earnings results on Friday, January 19th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.04. PPG Industries had a net margin of 6.96% and a return on equity of 23.79%. The company had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the company earned $1.22 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that PPG Industries, Inc. will post 8.45 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Thursday, February 15th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, February 15th. PPG Industries’s payout ratio is 48.69%.

PPG Industries Profile

(Free Report)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company operates through 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; 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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