Financiere des Professionnels Fonds d investissement inc. Has $5.29 Million Holdings in PPG Industries, Inc. (NYSE:PPG)

Financiere des Professionnels Fonds d investissement inc. increased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,385 shares of the specialty chemicals company's stock after buying an additional 4,127 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in PPG Industries were worth $5,291,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Park Square Financial Group LLC bought a new position in PPG Industries in the fourth quarter valued at about $26,000. CVA Family Office LLC lifted its holdings 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 in the last quarter. Prudent Man Investment Management Inc. bought a new position in PPG Industries during the 4th quarter valued at $36,000. Beacon Capital Management LLC lifted its stake 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 acquiring an additional 101 shares in the last quarter. Finally, CX Institutional bought a new position in PPG Industries during the 1st quarter valued at $44,000. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Up 1.6%

Shares of PPG stock traded up $1.83 during trading hours on Tuesday, hitting $117.29. 607,359 shares of the company were exchanged, compared to its average volume of 1,851,925. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35. The business's 50-day simple moving average is $111.70 and its two-hundred day simple moving average is $112.16. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The stock has a market capitalization of $26.62 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.48 and a beta of 1.16.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the company posted $1.87 earnings per share. PPG Industries's 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 business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is currently 58.24%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised their price objective on PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Bank of America reiterated 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. JPMorgan Chase & Co. dropped their price objective on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Wells Fargo & Company increased their target price on PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. 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 company. Based on data from MarketBeat, PPG Industries has an average rating of "Moderate Buy" and a consensus target price of $130.67.

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.