Diversified Trust Co Acquires 5,611 Shares of PPG Industries, Inc. (NYSE:PPG)

Diversified Trust Co lifted its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,141 shares of the specialty chemicals company's stock after purchasing an additional 5,611 shares during the quarter. Diversified Trust Co's holdings in PPG Industries were worth $5,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPG. Park Square Financial Group LLC bought a new stake in PPG Industries in the fourth quarter worth $26,000. CVA Family Office LLC raised its position in shares of PPG Industries by 70.6% in the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 113 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in PPG Industries in the 4th quarter worth about $36,000. Beacon Capital Management LLC grew its position 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 purchasing an additional 101 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in PPG Industries during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

Wall Street Analyst Weigh In

PPG has been the topic of several analyst reports. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. UBS Group upped their price objective on PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted their target price on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on PPG Industries from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Bank of America reaffirmed a "neutral" rating and set a $126.00 price objective (down from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $129.83.

PPG Industries Trading Up 0.6%

Shares of NYSE:PPG opened at $113.89 on Friday. The stock's 50-day simple moving average is $109.65 and its two-hundred day simple moving average is $112.59. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.37 and a beta of 1.17. 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 quick ratio of 0.99 and a current ratio of 1.35.

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 for the quarter, topping the consensus estimate of $1.62 by $0.10. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.87 EPS. Analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's payout ratio is 58.24%.

About PPG Industries

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.

Want to see what other hedge funds are holding PPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPG Industries, Inc. (NYSE:PPG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.