Clear Creek Financial Management LLC Takes $240,000 Position in PPG Industries, Inc. (NYSE:PPG)

Clear Creek Financial Management LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,194 shares of the specialty chemicals company's stock, valued at approximately $240,000.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in PPG Industries in the fourth quarter worth $26,000. CVA Family Office LLC lifted its position in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 113 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in PPG Industries in the fourth quarter worth $36,000. Beacon Capital Management LLC lifted its position in PPG Industries by 37.1% in the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 101 shares during the last quarter. Finally, CX Institutional bought a new stake in PPG Industries in the first quarter worth $44,000. 81.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PPG. Argus downgraded PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft lifted their target price on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada lifted their target price on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Bank of America reiterated a "neutral" rating and set a $126.00 target price (down from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Finally, Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Nine 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.67.

PPG Industries Stock Down 0.3%

Shares of PPG stock traded down $0.31 on Friday, hitting $118.28. The stock had a trading volume of 796,208 shares, compared to its average volume of 1,858,183. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $111.45 and a 200 day moving average price of $112.24. The company has a market cap of $26.85 billion, a PE ratio of 25.33, a P/E/G ratio of 2.48 and a beta of 1.16. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. The business 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 revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. Research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were issued a $0.68 dividend. The ex-dividend date was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.30%. PPG Industries's dividend payout ratio is presently 58.24%.

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.