Universal Beteiligungs und Servicegesellschaft mbH Boosts Stake in PPG Industries, Inc. (NYSE:PPG)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,605 shares of the specialty chemicals company's stock after purchasing an additional 5,003 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of PPG Industries worth $23,576,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of PPG Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock valued at $3,508,210,000 after acquiring an additional 756,937 shares in the last quarter. Wellington Management Group LLP raised its position in PPG Industries by 17.7% in the fourth quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock worth $1,262,234,000 after acquiring an additional 1,590,041 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PPG Industries by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,546,472 shares of the specialty chemicals company's stock valued at $660,752,000 after acquiring an additional 93,455 shares during the period. Invesco Ltd. boosted its position in shares of PPG Industries by 6.1% during the 4th quarter. Invesco Ltd. now owns 4,726,630 shares of the specialty chemicals company's stock worth $564,596,000 after purchasing an additional 271,699 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of PPG Industries by 482.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock worth $518,132,000 after purchasing an additional 3,592,655 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Trading Up 0.9%

PPG stock traded up $1.04 during midday trading on Friday, hitting $116.06. The stock had a trading volume of 1,280,154 shares, compared to its average volume of 1,578,672. The company's 50-day moving average price is $113.41 and its 200 day moving average price is $112.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99. The firm has a market cap of $26.35 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The business's revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be given a $0.71 dividend. The ex-dividend date is Monday, August 11th. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a dividend yield of 2.45%. PPG Industries's dividend payout ratio (DPR) is currently 58.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PPG shares. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. UBS Group upped their price target on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Citigroup boosted their target price on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Royal Bank Of Canada raised their price target on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.45.

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.