Quantinno Capital Management LP Has $5.11 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Quantinno Capital Management LP boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 89.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,567 shares of the specialty chemicals company's stock after buying an additional 18,214 shares during the quarter. Quantinno Capital Management LP's holdings in PPG Industries were worth $5,109,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP grew its holdings in PPG Industries by 971.9% during the third quarter. Quarry LP now owns 11,673 shares of the specialty chemicals company's stock valued at $1,546,000 after purchasing an additional 10,584 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of PPG Industries by 0.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 97,295 shares of the specialty chemicals company's stock worth $12,888,000 after buying an additional 553 shares during the period. IHT Wealth Management LLC grew its stake in PPG Industries by 35.7% in the 3rd quarter. IHT Wealth Management LLC now owns 4,592 shares of the specialty chemicals company's stock valued at $604,000 after buying an additional 1,208 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in PPG Industries by 146.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,560 shares of the specialty chemicals company's stock worth $1,001,000 after acquiring an additional 4,488 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in PPG Industries by 7.8% during the third quarter. Investment Management Corp of Ontario now owns 34,398 shares of the specialty chemicals company's stock valued at $4,556,000 after acquiring an additional 2,500 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Anne M. Foulkes sold 1,985 shares of PPG Industries stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

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

PPG Industries Price Performance

Shares of PPG traded up $0.07 during mid-day trading on Friday, reaching $125.57. The company had a trading volume of 2,500,557 shares, compared to its average volume of 1,382,153. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market capitalization of $29.13 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.94 and a beta of 1.24. PPG Industries, Inc. has a twelve month low of $118.07 and a twelve month high of $151.16. The company's 50-day moving average is $126.20 and its 200-day moving average is $126.77.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data 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). 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 quarter in the prior year, the company earned $2.07 earnings per share. The business's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that PPG Industries, Inc. will post 8.18 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given 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 2.17%. PPG Industries's dividend payout ratio (DPR) is presently 43.11%.

PPG Industries 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.