Robeco Institutional Asset Management B.V. Grows Holdings in PPG Industries, Inc. (NYSE:PPG)

Robeco Institutional Asset Management B.V. grew its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 1,456.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,696 shares of the specialty chemicals company's stock after purchasing an additional 201,841 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of PPG Industries worth $23,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sylvest Advisors LLC increased its stake in PPG Industries by 13.0% in the first quarter. Sylvest Advisors LLC now owns 6,567 shares of the specialty chemicals company's stock worth $718,000 after purchasing an additional 757 shares during the period. Golden State Wealth Management LLC increased its stake in PPG Industries by 966.3% in the first quarter. Golden State Wealth Management LLC now owns 885 shares of the specialty chemicals company's stock worth $97,000 after purchasing an additional 802 shares during the period. Mattern Capital Management LLC increased its stake in PPG Industries by 2.9% in the first quarter. Mattern Capital Management LLC now owns 70,877 shares of the specialty chemicals company's stock worth $7,750,000 after purchasing an additional 2,006 shares during the period. Moran Wealth Management LLC increased its stake in PPG Industries by 16.2% in the first quarter. Moran Wealth Management LLC now owns 49,020 shares of the specialty chemicals company's stock worth $5,360,000 after purchasing an additional 6,838 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in PPG Industries by 12.1% in the first quarter. Asset Management One Co. Ltd. now owns 102,778 shares of the specialty chemicals company's stock worth $11,239,000 after purchasing an additional 11,130 shares during the period. Hedge funds and other institutional investors own 81.86% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PPG shares. Deutsche Bank Aktiengesellschaft increased their target price on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Bank of America restated a "neutral" rating and set a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company raised their price target on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Nine equities research 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 stock. According to MarketBeat, PPG Industries presently has a consensus rating of "Moderate Buy" and an average target price of $129.83.

PPG Industries Price Performance

Shares of PPG stock opened at $114.20 on Friday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The stock's 50-day moving average is $109.94 and its 200 day moving average is $112.51. The company has a market cap of $25.92 billion, a P/E ratio of 24.45, a PEG ratio of 2.38 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 (NYSE:PPG - Get Free Report) last issued 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 return on equity of 24.84% and a net margin of 6.49%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the company earned $1.87 earnings per share. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. Research 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 declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.38%. PPG Industries's payout ratio is 58.24%.

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.

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