4,751 Shares in PPG Industries, Inc. (NYSE:PPG) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,751 shares of the specialty chemicals company's stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PUREfi Wealth LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at about $279,000. JGP Wealth Management LLC acquired a new stake in shares of PPG Industries in the 4th quarter valued at approximately $4,050,000. Vanguard Group Inc. grew its holdings in shares of PPG Industries by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock valued at $3,508,210,000 after purchasing an additional 756,937 shares during the last quarter. Avanza Fonder AB acquired a new position in PPG Industries during the 4th quarter worth approximately $2,944,000. Finally, Lebenthal Global Advisors LLC bought a new position in PPG Industries in the 4th quarter valued at approximately $409,000. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.5%

Shares of PPG traded down $0.57 during trading hours on Tuesday, hitting $113.69. The stock had a trading volume of 1,372,432 shares, compared to its average volume of 1,818,751. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The firm has a market capitalization of $25.81 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The firm has a 50 day simple moving average of $106.50 and a 200-day simple moving average of $114.99. 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 (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The firm had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's payout ratio is currently 58.24%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PPG. Wells Fargo & Company upped their price objective on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. The Goldman Sachs Group cut their price target on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. UBS Group lifted their target price on PPG Industries from $110.00 to $111.00 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Mizuho reduced their price target on PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Company 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.