Atria Wealth Solutions Inc. Has $603,000 Stock Position in PPG Industries, Inc. (NYSE:PPG)

Atria Wealth Solutions Inc. lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 203.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,513 shares of the specialty chemicals company’s stock after purchasing an additional 3,694 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PPG Industries were worth $603,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. W.H. Cornerstone Investments Inc. acquired a new stake in PPG Industries in the first quarter valued at about $915,000. Seelaus Asset Management LLC acquired a new stake in PPG Industries in the first quarter valued at about $219,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in PPG Industries by 10.3% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 69,111 shares of the specialty chemicals company’s stock valued at $7,557,000 after buying an additional 6,468 shares in the last quarter. Argent Trust Co boosted its stake in PPG Industries by 28.0% in the first quarter. Argent Trust Co now owns 2,561 shares of the specialty chemicals company’s stock valued at $280,000 after buying an additional 560 shares in the last quarter. Finally, Cheviot Value Management LLC bought a new position in PPG Industries in the first quarter valued at about $26,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wells Fargo & Company increased their target price on PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. UBS Group increased their target price on PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on PPG Industries from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Fermium Researc upgraded PPG Industries to a “strong-buy” rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada increased their target price on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

PPG Industries Price Performance

Shares of PPG opened at $112.54 on Thursday. The business has a 50-day moving average of $112.44 and a 200-day moving average of $111.02. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, hitting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be paid a dividend of $0.71 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 11th. PPG Industries’s payout ratio is 64.40%.

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.