Birch Hill Investment Advisors LLC Grows Holdings in PPG Industries, Inc. (NYSE:PPG)

Birch Hill Investment Advisors LLC boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,433 shares of the specialty chemicals company’s stock after purchasing an additional 118 shares during the period. Birch Hill Investment Advisors LLC’s holdings in PPG Industries were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PPG. Legend Financial Advisors Inc. purchased a new position in shares of PPG Industries during the fourth quarter worth about $27,000. Pin Oak Investment Advisors Inc. lifted its position in PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 200 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of PPG Industries in the 3rd quarter valued at approximately $34,000. Hara Capital LLC acquired a new position in shares of PPG Industries in the third quarter valued at approximately $40,000. Finally, Albion Financial Group UT purchased a new stake in shares of PPG Industries during the fourth quarter worth approximately $38,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.9 %

PPG opened at $114.87 on Friday. 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 $26.65 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.97 and a beta of 1.23. PPG Industries, Inc. has a one year low of $110.20 and a one year high of $145.60. The business’s fifty day moving average is $120.03 and its two-hundred day moving average is $123.84.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. Analysts anticipate that PPG Industries, Inc. will post 7.96 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.37%. PPG Industries’s dividend payout ratio is presently 57.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PPG shares. Mizuho lowered their price objective on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their price target 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. The Goldman Sachs Group reduced their price objective on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Finally, StockNews.com downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.46.

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.