Quotient Wealth Partners LLC Purchases 1,515 Shares of PPG Industries, Inc. (NYSE:PPG)

Quotient Wealth Partners LLC increased its position in PPG Industries, Inc. (NYSE:PPG) by 80.7% during the second quarter, HoldingsChannel.com reports. The firm owned 3,392 shares of the specialty chemicals company’s stock after acquiring an additional 1,515 shares during the quarter. Quotient Wealth Partners LLC’s holdings in PPG Industries were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Wealth Management Group LLC purchased a new position in PPG Industries in the fourth quarter worth about $27,000. DiNuzzo Private Wealth Inc. bought a new stake in PPG Industries during the fourth quarter valued at about $29,000. LifeSteps Financial Inc. purchased a new stake in PPG Industries in the first quarter worth about $29,000. YHB Investment Advisors Inc. bought a new position in shares of PPG Industries in the first quarter worth about $29,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of PPG Industries during the 4th quarter valued at about $29,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

NYSE:PPG traded up $1.37 during trading hours on Friday, reaching $126.53. The stock had a trading volume of 1,092,894 shares, compared to its average volume of 1,643,855. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.05 and a current ratio of 1.49. The stock has a market capitalization of $29.52 billion, a PE ratio of 21.37, a PEG ratio of 1.65 and a beta of 1.26. PPG Industries, Inc. has a 52 week low of $118.07 and a 52 week high of $151.16. The company has a 50 day moving average price of $125.53 and a two-hundred day moving average price of $132.77.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, July 18th. The specialty chemicals company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.48 by $0.02. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.93 billion. PPG Industries had a net margin of 7.98% and a return on equity of 23.57%. PPG Industries’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.25 earnings per share. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 8.25 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Monday, August 12th will be given a $0.68 dividend. The ex-dividend date is Monday, August 12th. This is an increase from PPG Industries’s previous quarterly dividend of $0.65. This represents a $2.72 dividend on an annualized basis and a yield of 2.15%. PPG Industries’s dividend payout ratio (DPR) is currently 45.95%.

Analyst Ratings Changes

A number of research firms have commented on PPG. Royal Bank of Canada decreased their target price on shares of PPG Industries from $140.00 to $139.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 23rd. Barclays reduced their price objective on shares of PPG Industries from $148.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. KeyCorp dropped their target price on shares of PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Citigroup cut their price target on PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, BMO Capital Markets lowered their price objective on PPG Industries from $165.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PPG Industries currently has an average rating of “Moderate Buy” and a consensus target price of $151.08.

PPG Industries Company 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.