Calamos Advisors LLC Has $3.89 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Calamos Advisors LLC boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,389 shares of the specialty chemicals company’s stock after acquiring an additional 938 shares during the quarter. Calamos Advisors LLC’s holdings in PPG Industries were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Investment Partners Ltd. OH ADV raised its position in shares of PPG Industries by 0.3% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 2,485 shares of the specialty chemicals company’s stock worth $273,000 after acquiring an additional 7 shares in the last quarter. Sigma Planning Corp raised its position in shares of PPG Industries by 0.3% in the 2nd quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock worth $447,000 after acquiring an additional 12 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in shares of PPG Industries by 0.4% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock worth $348,000 after acquiring an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of PPG Industries by 0.3% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 5,820 shares of the specialty chemicals company’s stock worth $637,000 after acquiring an additional 15 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC increased its position in PPG Industries by 1.6% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 2,027 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 31 shares in the last quarter. Institutional investors own 74.17% of the company’s stock.

A number of analysts have commented on PPG shares. SunTrust Banks, Inc. lowered PPG Industries from a “buy” rating to a “hold” rating and reduced their target price for the stock from $120.00 to $113.00 in a report on Monday, July 24th. Argus raised PPG Industries from a “hold” rating to a “buy” rating and lifted their target price for the stock from $110.61 to $136.00 in a report on Wednesday, July 5th. BidaskClub downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Credit Suisse Group set a $113.00 price target on PPG Industries and gave the stock a “buy” rating in a research note on Sunday, July 23rd. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $109.00 price target on shares of PPG Industries in a research note on Wednesday, August 9th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $115.19.

In other news, VP Glenn E. Bost II sold 19,812 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $100.80, for a total value of $1,997,049.60. Following the completion of the sale, the vice president now owns 52,748 shares of the company’s stock, valued at $5,316,998.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Viktoras R. Sekmakas sold 18,616 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $102.49, for a total transaction of $1,907,953.84. Following the completion of the sale, the insider now directly owns 15,545 shares of the company’s stock, valued at approximately $1,593,207.05. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

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PPG Industries, Inc. (NYSE PPG) opened at 106.53 on Friday. The firm’s 50 day moving average price is $104.13 and its 200 day moving average price is $106.60. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of 28.03 and a beta of 1.55. PPG Industries, Inc. has a 12 month low of $89.64 and a 12 month high of $113.67.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. The company 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share. On average, equities research analysts predict that PPG Industries, Inc. will post $6.10 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 10th were given a dividend of $0.45 per share. This is a positive change from PPG Industries’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.69%. PPG Industries’s dividend payout ratio is 46.88%.

PPG Industries Profile

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.

Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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