PPG Industries, Inc. (NYSE:PPG) Stock Position Increased by Toronto Dominion Bank

Toronto Dominion Bank boosted its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,096 shares of the specialty chemicals company's stock after buying an additional 8,068 shares during the quarter. Toronto Dominion Bank owned 0.06% of PPG Industries worth $16,972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PPG. Prudent Man Investment Management Inc. bought a new position in shares of PPG Industries during the 4th quarter valued at about $36,000. Albion Financial Group UT bought a new stake in PPG Industries during the fourth quarter worth approximately $38,000. Crews Bank & Trust bought a new position in shares of PPG Industries in the fourth quarter valued at $42,000. Sugar Maple Asset Management LLC acquired a new stake in shares of PPG Industries during the 4th quarter valued at $44,000. Finally, Millstone Evans Group LLC bought a new stake in shares of PPG Industries during the 4th quarter worth $46,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PPG shares. Mizuho reduced their target price on PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on 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 upgraded shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Seaport Res Ptn downgraded shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, UBS Group boosted their price target on shares of PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Trading Up 0.1%

Shares of PPG stock opened at $114.16 on Tuesday. The firm has a market capitalization of $25.91 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The firm's fifty day simple moving average is $106.50 and its 200 day simple moving average is $114.99. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. PPG Industries's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is presently 58.24%.

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.

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