PPG Industries, Inc. (PPG) Position Maintained by Vicus Capital

Vicus Capital continued to hold its position in shares of PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,632 shares of the specialty chemicals company’s stock at the end of the second quarter. Vicus Capital’s holdings in PPG Industries were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PPG. Cable Hill Partners LLC boosted 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 period. Baystate Wealth Management LLC boosted 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 period. V Wealth Management LLC acquired a new position in shares of PPG Industries during the second quarter valued at about $112,000. State of Alaska Department of Revenue acquired a new position in shares of PPG Industries during the second quarter valued at about $113,000. Finally, Coconut Grove Bank boosted 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 period. Hedge funds and other institutional investors own 71.81% of the company’s stock.

PPG Industries, Inc. (PPG) opened at 105.01 on Monday. The company’s 50-day moving average is $109.92 and its 200 day moving average is $106.01. PPG Industries, Inc. has a 52 week low of $89.64 and a 52 week high of $113.67. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 27.63 and a beta of 1.54.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.83. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.92 billion. PPG Industries had a net margin of 6.79% and a return on equity of 29.47%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. On average, analysts forecast that PPG Industries, Inc. will post $6.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.45 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Tuesday, August 8th. PPG Industries’s payout ratio is presently 41.67%.

Several equities analysts have issued reports on PPG shares. TheStreet upgraded shares of PPG Industries from a “c+” rating to a “b+” rating in a research report on Monday, May 22nd. Jefferies Group LLC restated a “buy” rating and issued a $120.00 price target on shares of PPG Industries in a research report on Thursday, July 6th. Argus upgraded shares of PPG Industries from a “hold” rating to a “buy” rating and upped their price target for the company from $110.61 to $136.00 in a research report on Wednesday, July 5th. BidaskClub upgraded shares of PPG Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Credit Suisse Group set a $113.00 price target on shares of PPG Industries and gave the company a “buy” rating in a research report on Sunday, July 23rd. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. PPG Industries presently has a consensus rating of “Hold” and a consensus price target of $113.93.

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.