J.W. Cole Advisors Inc. Has $1.46 Million Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

J.W. Cole Advisors Inc. lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.4% in the second quarter, Holdings Channel reports. The institutional investor owned 11,607 shares of the specialty chemicals company’s stock after acquiring an additional 595 shares during the period. J.W. Cole Advisors Inc.’s holdings in PPG Industries were worth $1,461,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PPG. Gryphon Financial Partners LLC boosted its stake in shares of PPG Industries by 1.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,864 shares of the specialty chemicals company’s stock valued at $727,000 after buying an additional 81 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of PPG Industries during the 4th quarter valued at $246,000. Great Lakes Advisors LLC grew its holdings in shares of PPG Industries by 2.6% during the 4th quarter. Great Lakes Advisors LLC now owns 24,312 shares of the specialty chemicals company’s stock worth $3,636,000 after purchasing an additional 610 shares in the last quarter. Brown Advisory Inc. increased its position in shares of PPG Industries by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 108,073 shares of the specialty chemicals company’s stock worth $16,162,000 after purchasing an additional 1,193 shares during the period. Finally, ING Groep NV raised its stake in PPG Industries by 144.5% in the fourth quarter. ING Groep NV now owns 72,282 shares of the specialty chemicals company’s stock valued at $10,810,000 after purchasing an additional 42,715 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PPG shares. KeyCorp decreased their target price on shares of PPG Industries from $162.00 to $153.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Citigroup lowered their price objective on shares of PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Barclays reduced their target price on PPG Industries from $148.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada decreased their price target on PPG Industries from $140.00 to $139.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets reduced their price objective on PPG Industries from $165.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus target price of $151.08.

PPG Industries Stock Up 1.2 %

NYSE:PPG opened at $126.98 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.49 and a quick ratio of 1.05. PPG Industries, Inc. has a one year low of $118.07 and a one year high of $151.16. The firm’s 50 day simple moving average is $125.73 and its 200 day simple moving average is $131.16. The company has a market cap of $29.78 billion, a PE ratio of 21.45, a P/E/G ratio of 1.69 and a beta of 1.26.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, July 18th. The specialty chemicals company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.02. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.93 billion. PPG Industries had a net margin of 7.98% and a return on equity of 23.57%. PPG Industries’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. On average, research analysts anticipate that PPG Industries, Inc. will post 8.25 earnings per share for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from PPG Industries’s previous quarterly dividend of $0.65. This represents a $2.72 annualized dividend and a yield of 2.14%. PPG Industries’s dividend payout ratio is presently 45.95%.

PPG Industries 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.