Insight Folios Inc Has $294,000 Stake in PPG Industries, Inc. (NYSE:PPG)

Insight Folios Inc grew its stake in PPG Industries, Inc. (NYSE:PPG) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,217 shares of the specialty chemicals company’s stock after purchasing an additional 81 shares during the period. Insight Folios Inc’s holdings in PPG Industries were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPG. Financial Connections Group Inc. acquired a new stake in PPG Industries in the second quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in shares of PPG Industries during the 2nd quarter valued at $37,000. LRI Investments LLC grew its position in PPG Industries by 463.8% during the 2nd quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock worth $49,000 after acquiring an additional 320 shares during the last quarter. Slocum Gordon & Co LLP increased its holdings in PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 155 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its position in PPG Industries by 103.6% in the first quarter. DiNuzzo Private Wealth Inc. now owns 399 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 203 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Down 0.6 %

NYSE PPG opened at $126.45 on Monday. The stock has a market capitalization of $29.65 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.94 and a beta of 1.26. The business has a 50 day simple moving average of $127.87 and a 200 day simple moving average of $128.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a one year low of $118.07 and a one year high of $151.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the business earned $2.07 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts expect that PPG Industries, Inc. will post 8.19 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.15%. PPG Industries’s dividend payout ratio is currently 45.95%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America reduced their price target on PPG Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup decreased their price target 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. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. KeyCorp decreased their price objective on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, UBS Group lifted their target price on PPG Industries from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $149.93.

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.