Toronto Dominion Bank Grows Position in PPG Industries, Inc. (NYSE:PPG)

Toronto Dominion Bank increased its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PPG. Parr Mcknight Wealth Management Group LLC acquired a new position in PPG Industries in the 4th quarter valued at approximately $1,631,000. Focus Partners Advisor Solutions LLC grew its stake in shares of PPG Industries by 35.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,362 shares of the specialty chemicals company's stock worth $402,000 after purchasing an additional 882 shares during the last quarter. CSS LLC IL acquired a new stake in PPG Industries in the fourth quarter valued at $527,000. Ames National Corp acquired a new stake in PPG Industries in the fourth quarter valued at $549,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PPG Industries by 12.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,114,461 shares of the specialty chemicals company's stock worth $252,572,000 after purchasing an additional 237,291 shares during the last quarter. Institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America reissued a "neutral" rating and issued a $126.00 price target (down previously from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Royal Bank of Canada increased their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Argus lowered shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Citigroup lowered their target price 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. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PPG Industries presently has an average rating of "Moderate Buy" and an average price target of $128.42.

PPG Industries Stock Up 0.6%

PPG traded up $0.69 during midday trading on Thursday, hitting $111.24. The company had a trading volume of 1,491,940 shares, compared to its average volume of 1,823,719. The stock's 50 day moving average price is $106.33 and its 200 day moving average price is $114.46. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24. The company has a market capitalization of $25.25 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.19 and a beta of 1.20. 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 issued its 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 business had revenue of $3.68 billion during 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 firm's 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 EPS. On average, research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries's dividend payout ratio is currently 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.