PPG Industries, Inc. (NYSE:PPG) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its position in PPG Industries, Inc. (NYSE:PPG) by 19.1% during the third quarter, Holdings Channel.com reports. The firm owned 20,048 shares of the specialty chemicals company’s stock after acquiring an additional 3,209 shares during the period. Farmers & Merchants Investments Inc.’s holdings in PPG Industries were worth $2,656,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PPG. Financial Connections Group Inc. purchased a new stake in PPG Industries during the 2nd quarter worth about $25,000. Rothschild Investment LLC acquired a new position in PPG Industries in the second quarter valued at $37,000. LRI Investments LLC raised its position in PPG Industries by 463.8% in the 2nd quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 320 shares during the last quarter. Slocum Gordon & Co LLP boosted its stake in shares of PPG Industries by 51.7% during the second quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock worth $57,000 after buying an additional 155 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position in PPG Industries by 103.6% during the 1st quarter. DiNuzzo Private Wealth Inc. now owns 399 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 203 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Down 0.7 %

Shares of NYSE PPG opened at $126.52 on Wednesday. The firm’s 50-day moving average is $128.03 and its 200-day moving average is $128.44. PPG Industries, Inc. has a 1 year low of $118.07 and a 1 year high of $151.16. The firm has a market capitalization of $29.35 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.02). The firm had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 8.24% and a return on equity of 23.63%. PPG Industries’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Equities analysts expect that PPG Industries, Inc. will post 8.19 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend 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 43.11%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of PPG Industries from $162.00 to $153.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Bank of America cut their price objective on shares of PPG Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada dropped their price objective 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 restated an “outperform” rating and set a $155.00 price target (down from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. Finally, UBS Group raised their price objective on PPG Industries from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Six equities 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, the company currently has an average rating of “Moderate Buy” and an average target price of $149.93.

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.