Boyd Watterson Asset Management LLC OH Purchases 2,212 Shares of PPG Industries, Inc. (NYSE:PPG)

Boyd Watterson Asset Management LLC OH grew its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 229.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,177 shares of the specialty chemicals company's stock after acquiring an additional 2,212 shares during the quarter. Boyd Watterson Asset Management LLC OH's holdings in PPG Industries were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 756,937 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of PPG Industries by 17.7% in the fourth quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock valued at $1,262,234,000 after acquiring an additional 1,590,041 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of PPG Industries by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company's stock valued at $660,752,000 after acquiring an additional 93,455 shares in the last quarter. Invesco Ltd. grew its holdings in shares of PPG Industries by 6.1% in the fourth quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock valued at $564,596,000 after acquiring an additional 271,699 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its holdings in shares of PPG Industries by 482.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock worth $518,132,000 after purchasing an additional 3,592,655 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Trading Up 0.9%

PPG Industries stock traded up $1.04 during trading hours on Friday, reaching $116.06. The company had a trading volume of 1,280,154 shares, compared to its average volume of 1,578,672. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 2.41 and a beta of 1.16. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99. The company has a 50-day moving average price of $113.41 and a 200 day moving average price of $112.02.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $1.87 EPS. The business's quarterly revenue was down 4.3% compared to the same quarter last year. Equities analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, August 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.45%. This is an increase from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is 60.81%.

Analysts Set New Price Targets

A number of research firms recently commented on PPG. JPMorgan Chase & Co. lowered their price target 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Bank of America reaffirmed a "neutral" rating and issued a $126.00 price objective (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Finally, UBS Group raised their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Nine 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. According to data from MarketBeat.com, PPG Industries presently has an average rating of "Moderate Buy" and a consensus price target of $129.45.

About PPG Industries

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.