Sullivan Bruyette Speros & Blaney LLC Lowers Position in PPG Industries, Inc. (PPG)

Sullivan Bruyette Speros & Blaney LLC reduced its position in shares of PPG Industries, Inc. (NYSE:PPG) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,153 shares of the specialty chemicals company’s stock after selling 49 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in PPG Industries were worth $331,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cable Hill Partners LLC increased its position in shares of PPG Industries by 8.5% in the first quarter. Cable Hill Partners LLC now owns 981 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 77 shares during the last quarter. Baystate Wealth Management LLC increased its position in shares of PPG Industries by 4.0% in the first quarter. Baystate Wealth Management LLC now owns 1,040 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 40 shares during the last quarter. Coconut Grove Bank increased its position in shares of PPG Industries by 103.6% in the first quarter. Coconut Grove Bank now owns 1,179 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 600 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in shares of PPG Industries during the fourth quarter valued at about $137,000. Finally, Robecosam AG increased its position in shares of PPG Industries by 66.7% in the first quarter. Robecosam AG now owns 1,500 shares of the specialty chemicals company’s stock valued at $158,000 after buying an additional 600 shares during the last quarter. 71.83% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

Shares of PPG Industries, Inc. (NYSE PPG) opened at 111.235 on Tuesday. PPG Industries, Inc. has a 52 week low of $89.64 and a 52 week high of $113.49. The company has a 50 day moving average of $108.46 and a 200 day moving average of $103.12. The firm has a market cap of $28.50 billion, a PE ratio of 34.058 and a beta of 1.54.

PPG Industries (NYSE:PPG) last announced its earnings results on Thursday, April 20th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. PPG Industries had a net margin of 5.79% and a return on equity of 30.40%. PPG Industries’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. On average, equities research analysts anticipate that PPG Industries, Inc. will post $6.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Wednesday, May 10th were given a $0.40 dividend. The ex-dividend date was Monday, May 8th. This represents a $1.60 dividend on an annualized basis and a yield of 1.44%. PPG Industries’s dividend payout ratio is presently 48.93%.

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Several research analysts have issued reports on the stock. Citigroup Inc. reissued a “market perform” rating on shares of PPG Industries in a research report on Friday, April 14th. Barclays PLC raised their price objective on shares of PPG Industries from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. TheStreet raised shares of PPG Industries from a “c+” rating to a “b+” rating in a research report on Monday, May 22nd. Jefferies Group LLC reissued a “buy” rating and set a $120.00 price objective on shares of PPG Industries in a research report on Friday, May 26th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $110.00 price objective (up from $102.00) on shares of PPG Industries in a research report on Sunday, April 23rd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $114.46.

About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

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