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

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

Other large investors have also recently bought and sold shares of the company. PUREfi Wealth LLC acquired a new position in PPG Industries during the fourth quarter valued at $279,000. Vanguard Group Inc. increased its position 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 last quarter. Lebenthal Global Advisors LLC acquired a new position in PPG Industries in the 4th quarter worth about $409,000. Union Bancaire Privee UBP SA acquired a new position in shares of PPG Industries during the 4th quarter valued at about $2,543,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of PPG Industries during the 4th quarter valued at about $458,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PPG. Wall Street Zen downgraded PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Barclays reissued an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Bank of America reaffirmed a "neutral" rating and set a $126.00 price target (down from $143.00) on shares of PPG Industries in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.42.

PPG Industries Stock Up 1.4%

Shares of PPG Industries stock traded up $1.56 during trading on Tuesday, reaching $111.64. The stock had a trading volume of 203,915 shares, compared to its average volume of 2,184,468. The company has a market capitalization of $25.34 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 2.19 and a beta of 1.20. The stock has a fifty day moving average price of $106.32 and a two-hundred day moving average price of $114.50. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24. 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 issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, beating analysts' consensus estimates 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%. The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 earnings per share. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal 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 dividend of $0.68 per share. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.44%. PPG Industries's payout ratio is presently 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.