Epoch Investment Partners Inc. Buys 6,706 Shares of PPG Industries, Inc. (NYSE:PPG)

Epoch Investment Partners Inc. increased its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,888 shares of the specialty chemicals company's stock after acquiring an additional 6,706 shares during the quarter. Epoch Investment Partners Inc.'s holdings in PPG Industries were worth $13,126,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PUREfi Wealth LLC bought a new stake in shares of PPG Industries during the 4th quarter worth approximately $279,000. PFW Advisors LLC bought a new position in shares of PPG Industries in the 4th quarter valued at $868,000. JGP Wealth Management LLC acquired a new position in shares of PPG Industries during the 4th quarter worth $4,050,000. Vanguard Group Inc. lifted its position 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 worth $3,508,210,000 after buying an additional 756,937 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in PPG Industries in the fourth quarter valued at about $2,944,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Insider Activity

In other news, CEO Timothy M. Knavish sold 4,800 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $118.35, for a total value of $568,080.00. Following the completion of the sale, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PPG shares. Bank of America restated a "neutral" rating and issued a $126.00 price target (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Royal Bank of Canada lowered their price target on shares of PPG Industries from $128.00 to $120.00 and set a "sector perform" rating for the company in a report on Tuesday, February 4th. Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays reissued an "equal weight" rating on shares of PPG Industries in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price objective on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, PPG Industries presently has a consensus rating of "Hold" and a consensus target price of $130.67.

PPG Industries Trading Down 1.7 %

Shares of PPG traded down $1.81 during trading hours on Friday, hitting $102.32. 761,867 shares of the stock were exchanged, compared to its average volume of 1,773,187. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The business has a 50-day moving average of $108.15 and a 200-day moving average of $117.29. The firm has a market capitalization of $23.22 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. 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 posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share 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%. On average, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is 57.51%.

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.