Universal Beteiligungs und Servicegesellschaft mbH Takes $25.16 Million Position in PPG Industries, Inc. (NYSE:PPG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 210,602 shares of the specialty chemicals company's stock, valued at approximately $25,156,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of PPG Industries as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Brooklyn FI LLC bought a new stake in PPG Industries in the 4th quarter valued at $232,000. Jefferies Financial Group Inc. bought a new stake in PPG Industries in the 4th quarter valued at $568,000. Mackenzie Financial Corp increased its holdings in PPG Industries by 0.7% in the 4th quarter. Mackenzie Financial Corp now owns 238,915 shares of the specialty chemicals company's stock valued at $28,538,000 after acquiring an additional 1,571 shares during the last quarter. Forum Financial Management LP increased its holdings in PPG Industries by 35.9% in the 4th quarter. Forum Financial Management LP now owns 2,237 shares of the specialty chemicals company's stock valued at $267,000 after acquiring an additional 591 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in PPG Industries by 6.0% in the 4th quarter. Toronto Dominion Bank now owns 142,096 shares of the specialty chemicals company's stock valued at $16,972,000 after acquiring an additional 8,068 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Trading Down 0.5%

Shares of PPG stock traded down $0.60 during trading hours on Friday, reaching $110.71. 3,637,839 shares of the stock were exchanged, compared to its average volume of 1,832,982. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. 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, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. The company's 50-day moving average price is $106.28 and its 200-day moving average price is $114.28.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a $0.68 dividend. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.46%. PPG Industries's dividend payout ratio is currently 58.24%.

Analyst Ratings Changes

PPG has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Barclays restated an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Citigroup reduced their target price on shares of PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Mizuho reduced 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. 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 data from MarketBeat.com, PPG Industries currently has a consensus rating of "Moderate Buy" and an average target price 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.