PPG Industries, Inc. (NYSE:PPG) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 71,945 shares of the specialty chemicals company's stock after acquiring an additional 2,713 shares during the period. IFM Investors Pty Ltd's holdings in PPG Industries were worth $7,867,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PPG. Park Square Financial Group LLC purchased a new position in shares of PPG Industries during the fourth quarter worth $26,000. CVA Family Office LLC boosted its position in shares of PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 113 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of PPG Industries during the fourth quarter worth $36,000. Beacon Capital Management LLC boosted its position in shares of PPG Industries by 37.1% during the first quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 101 shares during the period. Finally, CX Institutional purchased a new position in shares of PPG Industries during the first quarter worth $44,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Up 1.7%

NYSE PPG traded up $1.93 during trading on Tuesday, reaching $117.39. 533,898 shares of the company's stock were exchanged, compared to its average volume of 1,851,646. The stock has a market cap of $26.65 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.48 and a beta of 1.16. 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 company has a 50 day moving average price of $111.70 and a two-hundred day moving average price of $112.16. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The business had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate 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 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 2.32%. The ex-dividend date of this dividend was Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is currently 58.24%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PPG shares. Deutsche Bank Aktiengesellschaft raised their price target on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada lifted their target price on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Bank of America reiterated a "neutral" rating and issued a $126.00 target price (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Finally, Wells Fargo & Company lifted 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $130.67.

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.