S. R. Schill & Associates maintained its position in PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,098 shares of the specialty chemicals company’s stock at the end of the second quarter. S. R. Schill & Associates’ holdings in PPG Industries were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new position in PPG Industries during the first quarter worth approximately $1,752,000. Wagner Bowman Management Corp raised its position in PPG Industries by 2.8% in the first quarter. Wagner Bowman Management Corp now owns 5,580 shares of the specialty chemicals company’s stock worth $586,000 after buying an additional 150 shares in the last quarter. Hermes Investment Management Ltd. raised its position in PPG Industries by 1.1% in the first quarter. Hermes Investment Management Ltd. now owns 67,315 shares of the specialty chemicals company’s stock worth $7,073,000 after buying an additional 711 shares in the last quarter. Ledyard National Bank raised its position in PPG Industries by 10.9% in the first quarter. Ledyard National Bank now owns 3,044 shares of the specialty chemicals company’s stock worth $320,000 after buying an additional 300 shares in the last quarter. Finally, DnB Asset Management AS raised its position in PPG Industries by 176.8% in the first quarter. DnB Asset Management AS now owns 84,186 shares of the specialty chemicals company’s stock worth $8,846,000 after buying an additional 53,770 shares in the last quarter. 71.81% of the stock is currently owned by institutional investors.

Shares of PPG Industries, Inc. (NYSE PPG) opened at 100.73 on Friday. The firm’s 50-day moving average is $108.24 and its 200-day moving average is $106.17. The firm has a market cap of $25.84 billion, a P/E ratio of 26.50 and a beta of 1.54. PPG Industries, Inc. has a 1-year low of $89.64 and a 1-year high of $113.67.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.83. PPG Industries had a return on equity of 29.47% and a net margin of 6.79%. The company had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts anticipate that PPG Industries, Inc. will post $6.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.45 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, August 8th. PPG Industries’s payout ratio is presently 46.88%.

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A number of brokerages recently issued reports on PPG. BidaskClub raised shares of PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a $114.00 target price (up previously from $109.00) on shares of PPG Industries in a research report on Monday, July 17th. They noted that the move was a valuation call. Argus raised shares of PPG Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.61 to $136.00 in a research report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of PPG Industries in a research report on Thursday, July 6th. Finally, Barclays PLC boosted their target price on shares of PPG Industries from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $114.50.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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