PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 146.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,560 shares of the specialty chemicals company's stock after purchasing an additional 4,488 shares during the period. Integrated Wealth Concepts LLC's holdings in PPG Industries were worth $1,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Insight Folios Inc increased its stake in PPG Industries by 3.8% during the 3rd quarter. Insight Folios Inc now owns 2,217 shares of the specialty chemicals company's stock worth $294,000 after buying an additional 81 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of PPG Industries by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 20,244 shares of the specialty chemicals company's stock worth $2,549,000 after acquiring an additional 82 shares in the last quarter. Klingman & Associates LLC increased its position in shares of PPG Industries by 2.6% during the second quarter. Klingman & Associates LLC now owns 3,326 shares of the specialty chemicals company's stock worth $419,000 after acquiring an additional 83 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of PPG Industries by 2.6% in the second quarter. SeaCrest Wealth Management LLC now owns 3,453 shares of the specialty chemicals company's stock valued at $435,000 after acquiring an additional 86 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in PPG Industries by 1.7% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 5,310 shares of the specialty chemicals company's stock valued at $669,000 after purchasing an additional 90 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on PPG Industries from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Friday, October 18th. StockNews.com cut shares of PPG Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. Royal Bank of Canada decreased their price target on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $155.00 price objective (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Finally, Mizuho decreased their price objective on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, PPG Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.93.

PPG Industries Stock Performance

NYSE PPG traded up $1.92 on Monday, reaching $127.49. The stock had a trading volume of 2,177,459 shares, compared to its average volume of 1,599,630. The stock has a market cap of $29.58 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. PPG Industries, Inc. has a 12-month low of $118.07 and a 12-month high of $151.16. The business's 50-day moving average price is $126.20 and its 200 day moving average price is $126.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results 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 net margin of 8.24% and a return on equity of 23.63%. The business had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.66 billion. During the same quarter last year, the company earned $2.07 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that PPG Industries, Inc. will post 8.18 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, November 12th. PPG Industries's dividend payout ratio (DPR) is presently 43.11%.

Insider Activity at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the sale, the vice president now owns 13,454 shares of the company's stock, valued at $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

About PPG Industries

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.