PPG Industries, Inc. (NYSE:PPG) Stock Holdings Increased by Cooke & Bieler LP

Cooke & Bieler LP increased its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,131,399 shares of the specialty chemicals company's stock after purchasing an additional 228,510 shares during the quarter. Cooke & Bieler LP owned 0.50% of PPG Industries worth $123,718,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in PPG Industries by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 249,755 shares of the specialty chemicals company's stock worth $27,311,000 after buying an additional 1,697 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in PPG Industries during the first quarter worth $240,000. Vanguard Group Inc. increased its position in PPG Industries by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock worth $3,508,210,000 after buying an additional 756,937 shares in the last quarter. Principal Financial Group Inc. increased its position in PPG Industries by 4.4% during the first quarter. Principal Financial Group Inc. now owns 302,962 shares of the specialty chemicals company's stock worth $33,129,000 after buying an additional 12,650 shares in the last quarter. Finally, Bell Asset Management Ltd purchased a new position in PPG Industries during the fourth quarter worth $6,955,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Down 1.3%

Shares of PPG traded down $1.51 during midday trading on Friday, reaching $114.51. 5,187,043 shares of the company were exchanged, compared to its average volume of 1,868,399. The stock has a 50-day moving average price of $113.07 and a 200-day moving average price of $112.07. The company has a market cap of $25.99 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 2.42 and a beta of 1.16. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

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

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be issued a $0.71 dividend. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, August 11th. PPG Industries's payout ratio is currently 58.24%.

Analyst Ratings Changes

PPG has been the subject of several recent research reports. UBS Group raised their price target on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Bank of America reaffirmed a "neutral" rating and issued a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Royal Bank Of Canada lifted their price objective on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, Fermium Researc raised 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of "Moderate Buy" and an average price target of $131.42.

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.