Calamos Advisors LLC Has $16.73 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Calamos Advisors LLC decreased its holdings in PPG Industries, Inc. (NYSE:PPG) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 140,040 shares of the specialty chemicals company’s stock after selling 3,441 shares during the quarter. Calamos Advisors LLC’s holdings in PPG Industries were worth $16,728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Legend Financial Advisors Inc. bought a new position in PPG Industries in the 4th quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. raised its position in shares of PPG Industries by 465.1% during the third 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 last quarter. Capital Performance Advisors LLP acquired a new position in shares of PPG Industries during the third quarter valued at $34,000. Hara Capital LLC bought a new position in PPG Industries in the third quarter valued at about $40,000. Finally, Albion Financial Group UT acquired a new stake in PPG Industries in the fourth quarter worth about $38,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Down 2.9 %

PPG Industries stock opened at $111.99 on Tuesday. The company has a 50 day moving average of $121.11 and a 200-day moving average of $124.33. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a twelve month low of $110.20 and a twelve month high of $145.60. The stock has a market capitalization 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, equities research analysts anticipate that PPG Industries, Inc. will post 7.9 EPS for the current fiscal year.

PPG Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PPG shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. KeyCorp cut shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company decreased their price objective on PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday. Finally, BMO Capital Markets reiterated 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.