3,425 Shares in PPG Industries, Inc. (NYSE:PPG) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,425 shares of the specialty chemicals company's stock, valued at approximately $409,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of PPG Industries during the fourth quarter worth about $36,000. Albion Financial Group UT acquired a new position in shares of PPG Industries in the fourth quarter valued at $38,000. Crews Bank & Trust bought a new position in shares of PPG Industries during the fourth quarter worth approximately $42,000. Sugar Maple Asset Management LLC bought a new position in PPG Industries during the 4th quarter worth $44,000. Finally, Millstone Evans Group LLC bought a new stake in PPG Industries in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PPG shares. Bank of America restated a "neutral" rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Citigroup lowered their price objective on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PPG Industries presently has an average rating of "Moderate Buy" and an average price target of $128.42.

PPG Industries Stock Up 0.1%

Shares of PPG traded up $0.08 during mid-day trading on Monday, reaching $114.16. The company's stock had a trading volume of 1,363,241 shares, compared to its average volume of 1,820,536. The company's 50 day moving average is $106.44 and its 200 day moving average is $115.06. The stock has a market cap of $25.91 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.10. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. PPG Industries's quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the business posted $1.87 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio is presently 58.24%.

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.