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

Clear Creek Financial Management LLC bought a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,194 shares of the specialty chemicals company's stock, valued at approximately $240,000.

Several other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC lifted its holdings in PPG Industries by 25.3% during the 4th quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 92 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in PPG Industries by 37.1% during the 1st 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 in the last quarter. Snowden Capital Advisors LLC lifted its holdings in PPG Industries by 3.7% during the 4th 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 in the last quarter. CVA Family Office LLC lifted its holdings in PPG Industries by 70.6% during the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 113 shares in the last quarter. Finally, Warther Private Wealth LLC lifted its holdings in PPG Industries by 3.8% during the 1st quarter. Warther Private Wealth LLC now owns 3,090 shares of the specialty chemicals company's stock valued at $338,000 after buying an additional 114 shares in the last quarter. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.3%

Shares of NYSE:PPG traded down $0.31 during trading hours on Friday, hitting $118.28. The company's stock had a trading volume of 796,208 shares, compared to its average volume of 1,858,183. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week 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 market capitalization of $26.85 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 2.48 and a beta of 1.16. The firm's fifty day moving average price is $111.45 and its 200 day moving average price is $112.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. The company's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

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

Wall Street Analyst Weigh In

PPG has been the subject of a number of research analyst reports. Bank of America reiterated a "neutral" rating and set a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Royal Bank Of Canada boosted their price target on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PPG Industries has a consensus rating of "Moderate Buy" and an average target price of $130.67.

PPG Industries 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.