Nicholson Wealth Management Group LLC Buys Shares of 4,781 PPG Industries, Inc. (NYSE:PPG)

Nicholson Wealth Management Group LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,781 shares of the specialty chemicals company's stock, valued at approximately $633,000.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in PPG Industries by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 28,703,066 shares of the specialty chemicals company's stock worth $4,159,074,000 after buying an additional 4,222,402 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PPG Industries by 20.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,012 shares of the specialty chemicals company's stock worth $276,576,000 after purchasing an additional 368,410 shares during the last quarter. Boston Partners lifted its position in PPG Industries by 4.9% during the first quarter. Boston Partners now owns 1,713,126 shares of the specialty chemicals company's stock valued at $248,172,000 after purchasing an additional 80,710 shares during the period. ProShare Advisors LLC boosted its holdings in PPG Industries by 12.2% in the second quarter. ProShare Advisors LLC now owns 1,404,015 shares of the specialty chemicals company's stock valued at $176,751,000 after purchasing an additional 152,719 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in PPG Industries by 9.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,142,195 shares of the specialty chemicals company's stock worth $162,862,000 after purchasing an additional 100,391 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a report on Monday. Royal Bank of Canada lowered their price objective on PPG Industries from $138.00 to $136.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Barclays cut their target price on shares of PPG Industries from $148.00 to $144.00 and set an "equal weight" rating for the company in a report on Monday, July 22nd. UBS Group boosted their target price on shares of PPG Industries from $140.00 to $142.00 and gave the company a "neutral" rating in a research note on Friday, July 19th. Finally, Bank of America dropped their price target on shares of PPG Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.93.

PPG Industries Price Performance

Shares of NYSE:PPG traded down $0.79 during trading on Friday, reaching $126.45. The stock had a trading volume of 853,005 shares, compared to its average volume of 1,591,610. 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, Inc. has a 1-year low of $118.07 and a 1-year high of $151.16. The stock has a market cap of $29.65 billion, a PE ratio of 21.36, a PEG ratio of 1.94 and a beta of 1.26. The business has a fifty day moving average price of $127.79 and a 200-day moving average price of $128.82.

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

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.15%. PPG Industries's payout ratio is 45.95%.

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.