Siemens Fonds Invest GmbH Sells 7,467 Shares of PPG Industries, Inc. (NYSE:PPG)

Siemens Fonds Invest GmbH trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,217 shares of the specialty chemicals company's stock after selling 7,467 shares during the period. Siemens Fonds Invest GmbH's holdings in PPG Industries were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PPG. Park Square Financial Group LLC purchased a new position in PPG Industries during the 4th quarter valued at about $26,000. Prudent Man Investment Management Inc. bought a new position in PPG Industries in the 4th quarter valued at approximately $36,000. Crews Bank & Trust bought a new position in shares of PPG Industries during the 4th quarter valued at $42,000. Millstone Evans Group LLC bought a new position in shares of PPG Industries during the 4th quarter valued at $46,000. Finally, Human Investing LLC bought a new position in PPG Industries in the 4th quarter worth $48,000. 81.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PPG shares. Bank of America restated a "neutral" rating and set a $126.00 price objective (down previously from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Citigroup decreased their price target on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company increased their target price on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group increased their target price on PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Stock Performance

PPG Industries stock traded down $0.60 during trading hours on Friday, hitting $110.71. The company had a trading volume of 3,637,839 shares, compared to its average volume of 1,832,982. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The firm has a 50-day moving average of $106.28 and a 200 day moving average of $114.28. The firm has a market cap of $25.13 billion, a PE ratio of 23.41, a PEG ratio of 2.19 and a beta of 1.20.

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

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.46%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio is currently 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.