PPG Industries, Inc. (NYSE:PPG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,778 shares of the specialty chemicals company's stock after acquiring an additional 11,130 shares during the period. Asset Management One Co. Ltd.'s holdings in PPG Industries were worth $11,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $26,000. CVA Family Office LLC lifted its stake 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. acquired a new stake in shares of PPG Industries during the fourth quarter worth $36,000. Beacon Capital Management LLC lifted its stake 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, Millstone Evans Group LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $46,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Up 0.6%

PPG opened at $113.89 on Friday. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. 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 fifty day moving average of $109.65 and a two-hundred day moving average of $112.59. The stock has a market capitalization of $25.85 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.37 and a beta of 1.17.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating 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 company had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.39%. PPG Industries's payout ratio is 58.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Argus downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Seaport Res Ptn cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Nine investment 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 company's stock. According to MarketBeat.com, PPG Industries has an average rating of "Moderate Buy" and an average target price of $129.83.

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.

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