Tidal Investments LLC Has $2.83 Million Stock Position in PPG Industries, Inc. (NYSE:PPG)

Tidal Investments LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 78.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,703 shares of the specialty chemicals company's stock after buying an additional 10,397 shares during the quarter. Tidal Investments LLC's holdings in PPG Industries were worth $2,831,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PPG. Strategic Global Advisors LLC lifted its stake in shares of PPG Industries by 6.0% in the 4th quarter. Strategic Global Advisors LLC now owns 14,760 shares of the specialty chemicals company's stock valued at $1,763,000 after purchasing an additional 836 shares during the period. Toronto Dominion Bank increased its holdings in PPG Industries by 6.0% during the 4th quarter. Toronto Dominion Bank now owns 142,096 shares of the specialty chemicals company's stock worth $16,972,000 after purchasing an additional 8,068 shares in the last quarter. Snowden Capital Advisors LLC increased its holdings in PPG Industries by 3.7% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,147 shares of the specialty chemicals company's stock worth $376,000 after purchasing an additional 113 shares in the last quarter. Shell Asset Management Co. increased its holdings in PPG Industries by 156.3% during the 4th quarter. Shell Asset Management Co. now owns 5,896 shares of the specialty chemicals company's stock worth $704,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in PPG Industries by 11.0% during the 4th quarter. Royal Bank of Canada now owns 840,269 shares of the specialty chemicals company's stock worth $100,370,000 after purchasing an additional 83,139 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Price Performance

Shares of NYSE PPG traded down $1.04 during midday trading on Friday, reaching $110.18. 948,076 shares of the company were exchanged, compared to its average volume of 1,826,821. The stock's 50-day moving average price is $106.38 and its 200-day moving average price is $114.69. The stock has a market cap of $25.01 billion, a P/E ratio of 23.29, a PEG ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results 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. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts anticipate 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 will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be paid a $0.68 dividend. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.47%. PPG Industries's dividend payout ratio is 58.24%.

Wall Street Analysts Forecast Growth

PPG has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup cut their price objective on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group dropped their price target on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, PPG Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.42.

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.