IFM Investors Pty Ltd Acquires 2,713 Shares of PPG Industries, Inc. (NYSE:PPG)

IFM Investors Pty Ltd increased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,945 shares of the specialty chemicals company's stock after purchasing an additional 2,713 shares during the period. IFM Investors Pty Ltd's holdings in PPG Industries were worth $7,867,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. 44 Wealth Management LLC grew its holdings in PPG Industries by 37.4% during the 1st quarter. 44 Wealth Management LLC now owns 6,727 shares of the specialty chemicals company's stock worth $736,000 after acquiring an additional 1,831 shares during the period. Calamos Advisors LLC grew its holdings in PPG Industries by 0.6% during the 1st quarter. Calamos Advisors LLC now owns 140,853 shares of the specialty chemicals company's stock worth $15,402,000 after acquiring an additional 813 shares during the period. Conning Inc. grew its holdings in PPG Industries by 5.5% during the 1st quarter. Conning Inc. now owns 1,881 shares of the specialty chemicals company's stock worth $206,000 after acquiring an additional 98 shares during the period. Principal Financial Group Inc. grew its holdings in PPG Industries by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 302,962 shares of the specialty chemicals company's stock worth $33,129,000 after acquiring an additional 12,650 shares during the period. Finally, Revisor Wealth Management LLC grew its holdings in PPG Industries by 95.8% during the 1st quarter. Revisor Wealth Management LLC now owns 4,435 shares of the specialty chemicals company's stock worth $485,000 after acquiring an additional 2,170 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.3%

NYSE PPG traded down $0.31 on Friday, reaching $118.28. The company had a trading volume of 796,208 shares, compared to its average volume of 1,858,183. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 25.33, 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. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The company's fifty day moving average is $111.45 and its 200-day moving average is $112.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results 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 during the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 EPS. On average, research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.30%. PPG Industries's dividend payout ratio (DPR) is presently 58.24%.

Analyst Ratings Changes

A number of research firms have commented on PPG. Citigroup lifted their target price on shares of PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Royal Bank Of Canada lifted their target price on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Finally, Bank of America reissued a "neutral" rating and issued a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $130.67.

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.