Css LLC Il Makes New $527,000 Investment in PPG Industries, Inc. (NYSE:PPG)

CSS LLC IL acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,410 shares of the specialty chemicals company's stock, valued at approximately $527,000.

Several other large investors have also made changes to their positions in PPG. Vanguard Group Inc. lifted 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 valued at $3,508,210,000 after purchasing an additional 756,937 shares during the period. Wellington Management Group LLP lifted its holdings in shares of PPG Industries by 17.7% in the 4th 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 buying an additional 1,590,041 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $660,752,000 after buying an additional 93,455 shares during the last quarter. Invesco Ltd. grew its holdings in PPG Industries by 6.1% during the fourth quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock worth $564,596,000 after acquiring an additional 271,699 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in PPG Industries by 482.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock worth $518,132,000 after acquiring an additional 3,592,655 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG traded up $1.74 during midday trading on Tuesday, hitting $111.82. 287,596 shares of the company traded hands, compared to its average volume of 1,820,743. The business has a 50 day simple moving average of $106.32 and a two-hundred day simple moving average of $114.50. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The company has a market capitalization of $25.38 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.19 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.10. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The company's revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a $0.68 dividend. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.43%. PPG Industries's dividend payout ratio (DPR) is presently 58.24%.

Wall Street Analyst Weigh In

PPG has been the subject of a number of analyst reports. Barclays reissued an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Citigroup cut their target price on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Mizuho lowered their price target on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada lifted their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PPG Industries has an average rating of "Moderate Buy" and a consensus price target of $128.42.

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.