Czech National Bank Acquires 2,983 Shares of PPG Industries, Inc. (NYSE:PPG)

Czech National Bank grew its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,286 shares of the specialty chemicals company's stock after acquiring an additional 2,983 shares during the period. Czech National Bank's holdings in PPG Industries were worth $5,827,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PPG. Park Square Financial Group LLC acquired a new stake in PPG Industries during the 4th quarter worth approximately $26,000. Prudent Man Investment Management Inc. bought a new position in PPG Industries during the 4th quarter worth $36,000. Millstone Evans Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $46,000. Human Investing LLC bought a new stake in shares of PPG Industries in the fourth quarter valued at about $48,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of PPG Industries in the fourth quarter valued at about $48,000. Institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on PPG. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group decreased their price target on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Bank of America reissued a "neutral" rating and issued a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Nine investment 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Trading Up 0.6%

Shares of PPG Industries stock traded up $0.66 on Wednesday, reaching $112.03. 1,213,366 shares of the company's stock were exchanged, compared to its average volume of 1,821,709. The firm's 50-day moving average is $106.31 and its two-hundred day moving average is $114.05. The company has a market capitalization of $25.43 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. 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 previous year, the company posted $1.87 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS 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 paid a $0.68 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.43%. PPG Industries's payout ratio is 58.24%.

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.