Mather Group LLC. Purchases 119,143 Shares of PPG Industries, Inc. (NYSE:PPG)

Mather Group LLC. lifted its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 4,077.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,065 shares of the specialty chemicals company's stock after buying an additional 119,143 shares during the period. Mather Group LLC. owned approximately 0.05% of PPG Industries worth $13,348,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PPG. Park Square Financial Group LLC bought a new position in PPG Industries in the 4th quarter valued at $26,000. CVA Family Office LLC grew its position in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 113 shares during the period. Prudent Man Investment Management Inc. purchased a new stake in PPG Industries during the fourth quarter worth about $36,000. Beacon Capital Management LLC raised its position in PPG Industries by 37.1% in the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 101 shares during the period. Finally, Millstone Evans Group LLC purchased a new position in PPG Industries in the fourth quarter valued at about $46,000. 81.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PPG shares. Royal Bank Of Canada raised their target price on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Citigroup lifted their price target on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Wells Fargo & Company increased their price objective on PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Bank of America restated a "neutral" rating and issued a $126.00 target price (down previously 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $130.67.

PPG Industries Trading Up 2.3%

Shares of PPG Industries stock traded up $2.67 on Tuesday, hitting $116.42. The stock had a trading volume of 2,055,093 shares, compared to its average volume of 1,851,058. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The stock's 50-day simple moving average is $110.23 and its two-hundred day simple moving average is $112.29. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.39 and a beta of 1.17.

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 analysts' consensus estimates of $1.62 by $0.10. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $1.87 EPS. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were issued a dividend of $0.68 per share. The ex-dividend date was Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.34%. PPG Industries's payout ratio is presently 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.