PPG Industries, Inc. (NYSE:PPG) Stock Holdings Lessened by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in PPG Industries, Inc. (NYSE:PPG) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 140,040 shares of the specialty chemicals company’s stock after selling 3,441 shares during the period. Calamos Advisors LLC owned about 0.06% of PPG Industries worth $16,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PPG. State Street Corp grew its stake in PPG Industries by 4.4% during the 3rd quarter. State Street Corp now owns 11,717,499 shares of the specialty chemicals company’s stock worth $1,552,100,000 after buying an additional 491,774 shares during the last quarter. Wellington Management Group LLP grew its position in PPG Industries by 5.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,977,010 shares of the specialty chemicals company’s stock worth $1,189,095,000 after purchasing an additional 485,597 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of PPG Industries by 5.7% during the third quarter. Franklin Resources Inc. now owns 3,136,570 shares of the specialty chemicals company’s stock valued at $403,049,000 after buying an additional 170,339 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PPG Industries by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,571,753 shares of the specialty chemicals company’s stock worth $340,654,000 after buying an additional 15,161 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PPG Industries by 2.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,877,170 shares of the specialty chemicals company’s stock valued at $248,650,000 after acquiring an additional 36,047 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 2.9 %

Shares of NYSE:PPG opened at $111.99 on Tuesday. The firm has a 50 day simple moving average of $121.11 and a 200 day simple moving average of $124.33. PPG Industries, Inc. has a 52 week low of $110.20 and a 52 week high of $145.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The company has a market cap of $25.98 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23.

PPG Industries (NYSE:PPG) last released its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. As a group, research analysts expect that PPG Industries, Inc. will post 7.9 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.43%. PPG Industries’s dividend payout ratio is 57.51%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PPG shares. UBS Group decreased their price target on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Mizuho decreased their price target on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.25.

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.