MQS Management LLC Makes New Investment in PPG Industries, Inc. (NYSE:PPG)

MQS Management LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,029 shares of the specialty chemicals company's stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC grew its holdings in PPG Industries by 25.3% in the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 92 shares during the last quarter. Conning Inc. grew its holdings in PPG Industries by 5.5% in the first quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 98 shares during the last quarter. Beacon Capital Management LLC grew its holdings in shares of PPG Industries by 37.1% during the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 101 shares during the last quarter. Chilton Capital Management LLC grew its holdings in shares of PPG Industries by 22.6% during the first quarter. Chilton Capital Management LLC now owns 576 shares of the specialty chemicals company's stock valued at $63,000 after buying an additional 106 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in shares of PPG Industries by 3.7% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock valued at $376,000 after buying an additional 113 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PPG shares. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Citigroup boosted their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 13th. UBS Group boosted their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, PPG Industries has an average rating of "Moderate Buy" and an average price target of $131.83.

PPG Industries Stock Performance

NYSE PPG traded down $1.73 on Friday, reaching $117.34. 770,595 shares of the company's stock traded hands, compared to its average volume of 1,861,812. The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.46 and a beta of 1.16. The stock has a 50 day moving average price of $112.51 and a 200-day moving average price of $112.14. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. Equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.32%. PPG Industries's dividend payout ratio (DPR) is currently 58.24%.

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.