UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in PPG Industries, Inc. (NYSE:PPG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,114,461 shares of the specialty chemicals company's stock after buying an additional 237,291 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.91% of PPG Industries worth $252,572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of PPG Industries by 21.0% in the third quarter. Barclays PLC now owns 1,142,045 shares of the specialty chemicals company's stock worth $151,276,000 after acquiring an additional 198,353 shares during the period. Park Avenue Securities LLC lifted its holdings in PPG Industries by 11.1% during the 4th quarter. Park Avenue Securities LLC now owns 2,365 shares of the specialty chemicals company's stock worth $282,000 after purchasing an additional 236 shares in the last quarter. Merit Financial Group LLC lifted its holdings in PPG Industries by 83.1% during the 4th quarter. Merit Financial Group LLC now owns 5,810 shares of the specialty chemicals company's stock worth $694,000 after purchasing an additional 2,637 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in PPG Industries by 28.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 431 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 95 shares during the period. Finally, Aspire Private Capital LLC purchased a new position in PPG Industries during the 4th quarter valued at about $240,000. 81.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Argus downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Mizuho decreased their target price on shares of PPG Industries from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Citigroup cut their price target on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Seaport Res Ptn cut shares of PPG Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PPG Industries has an average rating of "Moderate Buy" and an average target price of $128.42.

PPG Industries Price Performance

Shares of NYSE:PPG traded up $1.74 during trading on Tuesday, reaching $111.82. The company had a trading volume of 287,596 shares, compared to its average volume of 1,820,743. The company has a fifty day moving average of $106.32 and a two-hundred day moving average of $114.50. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $25.38 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released 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. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The business had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm's revenue was down 4.3% on a year-over-year basis. Equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.43%. PPG Industries's dividend 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.