Bank of New York Mellon Corp raised its stake in PPG Industries, Inc. (NYSE:PPG) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,724,238 shares of the specialty chemicals company’s stock after buying an additional 199,074 shares during the period. Bank of New York Mellon Corp owned about 1.07% of PPG Industries worth $296,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Montag A & Associates Inc. boosted its position in PPG Industries by 15.8% in the 3rd quarter. Montag A & Associates Inc. now owns 10,795 shares of the specialty chemicals company’s stock valued at $1,173,000 after buying an additional 1,469 shares during the period. Teacher Retirement System of Texas boosted its position in PPG Industries by 6,094.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 168,178 shares of the specialty chemicals company’s stock valued at $18,274,000 after buying an additional 165,463 shares during the period. Advisor Group Inc. raised its holdings in shares of PPG Industries by 6.2% in the 3rd quarter. Advisor Group Inc. now owns 8,884 shares of the specialty chemicals company’s stock valued at $965,000 after purchasing an additional 517 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of PPG Industries in the 3rd quarter valued at about $3,490,000. Finally, Capital Analysts LLC raised its holdings in shares of PPG Industries by 5.6% in the 3rd quarter. Capital Analysts LLC now owns 28,648 shares of the specialty chemicals company’s stock valued at $3,113,000 after purchasing an additional 1,511 shares in the last quarter. 74.67% of the stock is owned by institutional investors.

PPG Industries, Inc. (NYSE PPG) traded up $0.62 during mid-day trading on Friday, hitting $114.01. 1,396,200 shares of the stock traded hands, compared to its average volume of 1,453,314. The stock has a market cap of $28,920.00, a P/E ratio of 19.25, a P/E/G ratio of 2.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.65 and a quick ratio of 1.26. PPG Industries, Inc. has a fifty-two week low of $93.80 and a fifty-two week high of $119.85.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.56 EPS. equities analysts forecast that PPG Industries, Inc. will post 5.9 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, November 10th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, November 9th. PPG Industries’s dividend payout ratio (DPR) is currently 35.86%.

Several research firms have recently commented on PPG. Citigroup Inc. boosted their price target on shares of PPG Industries from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of PPG Industries from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Bank of America Corporation set a $120.00 price target on shares of PPG Industries and gave the company a “hold” rating in a report on Friday, October 20th. Credit Suisse Group set a $119.00 price target on shares of PPG Industries and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $120.00 price target on shares of PPG Industries in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $119.36.

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PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. 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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