Asset Management One Co. Ltd. Buys 11,130 Shares of PPG Industries, Inc. (NYSE:PPG)

Asset Management One Co. Ltd. lifted its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in PPG Industries by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company's stock worth $3,508,210,000 after purchasing an additional 756,937 shares during the period. Bell Asset Management Ltd purchased a new position in shares of PPG Industries in the fourth quarter worth $6,955,000. Wealthfront Advisers LLC boosted its position in shares of PPG Industries by 256.2% during the fourth quarter. Wealthfront Advisers LLC now owns 23,761 shares of the specialty chemicals company's stock worth $2,838,000 after acquiring an additional 17,090 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of PPG Industries during the 4th quarter valued at approximately $82,071,000. Finally, Meridian Wealth Partners LLC purchased a new stake in PPG Industries during the 4th quarter valued at $15,558,000. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.2%

Shares of PPG stock traded down $0.20 during mid-day trading on Monday, hitting $113.95. The stock had a trading volume of 1,405,147 shares, compared to its average volume of 1,850,241. The firm has a market capitalization of $25.87 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.99. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. The firm's 50-day moving average is $110.23 and its two-hundred day moving average is $112.29.

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, topping analysts' consensus estimates of $1.62 by $0.10. The company 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 firm'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 firm earned $1.87 earnings per share. On average, analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PPG shares. Royal Bank Of Canada increased their target price on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report 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. UBS Group upped their target price on PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Finally, 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 note on Monday, May 12th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $129.83.

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.