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Clear Creek Financial Management LLC Purchases Shares of 2,194 PPG Industries, Inc. (NYSE:PPG)

PPG Industries logo with Basic Materials background

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

A number of other institutional investors have also added to or reduced their stakes in PPG. Park Square Financial Group LLC bought a new stake in PPG Industries during the 4th quarter worth approximately $26,000. CVA Family Office LLC grew its holdings in shares of PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 113 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of PPG Industries in the fourth quarter valued at approximately $36,000. Beacon Capital Management LLC grew its holdings in shares of PPG Industries by 37.1% in the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 101 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of PPG Industries in the fourth quarter valued at approximately $46,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PPG shares. JPMorgan Chase & Co. reduced their target price on PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada upped their target price on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Bank of America reaffirmed a "neutral" rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Fermium Researc raised PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Nine research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.67.

Check Out Our Latest Analysis on PPG

PPG Industries Stock Performance

Shares of PPG Industries stock traded down $2.70 during trading hours on Monday, reaching $115.58. The company had a trading volume of 1,477,198 shares, compared to its average volume of 1,856,798. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The business has a fifty day simple moving average of $111.70 and a 200 day simple moving average of $112.16. 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 firm has a market cap of $26.24 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $1.87 earnings per share. The business's revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, May 12th. PPG Industries's payout ratio is 58.24%.

PPG Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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