16,336 Shares in PPG Industries, Inc. (NYSE:PPG) Acquired by Unigestion Holding SA

Unigestion Holding SA acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,336 shares of the specialty chemicals company's stock, valued at approximately $1,786,000.

Other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new position in PPG Industries during the 4th quarter worth approximately $26,000. Prudent Man Investment Management Inc. purchased a new stake in shares of PPG Industries during the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC bought a new position in shares of PPG Industries in the fourth quarter worth approximately $46,000. Human Investing LLC bought a new position in shares of PPG Industries in the fourth quarter worth approximately $48,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of PPG Industries in the fourth quarter worth $48,000. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.6%

NYSE:PPG traded down $0.70 during mid-day trading on Thursday, hitting $111.23. 1,402,125 shares of the company's stock were exchanged, compared to its average volume of 1,820,940. The company has a market cap of $25.25 billion, a PE ratio of 23.52, a P/E/G ratio of 2.19 and a beta of 1.17. 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 business has a fifty day moving average price of $106.40 and a 200 day moving average price of $114.03.

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

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.45%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio is currently 58.24%.

Analysts Set New Price Targets

PPG has been the subject of several analyst reports. UBS Group increased their price target on shares of PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Royal Bank of Canada increased their target price on shares of PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Seaport Res Ptn cut PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Fermium Researc upgraded shares of PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.42.

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.