Yousif Capital Management LLC Purchases 5,245 Shares of PPG Industries, Inc. (NYSE:PPG)

Yousif Capital Management LLC increased its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,621 shares of the specialty chemicals company's stock after purchasing an additional 5,245 shares during the period. Yousif Capital Management LLC's holdings in PPG Industries were worth $9,472,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PPG. Norges Bank purchased a new position in shares of PPG Industries in the 4th quarter valued at about $470,535,000. Kovitz Investment Group Partners LLC raised its stake in shares of PPG Industries by 482.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock valued at $518,132,000 after purchasing an additional 3,592,655 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of PPG Industries by 815.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,031,164 shares of the specialty chemicals company's stock valued at $362,074,000 after purchasing an additional 2,700,018 shares during the period. First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 138.9% in the fourth quarter. First Eagle Investment Management LLC now owns 3,196,951 shares of the specialty chemicals company's stock worth $381,876,000 after buying an additional 1,858,895 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of PPG Industries by 17.7% in the fourth quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock worth $1,262,234,000 after buying an additional 1,590,041 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Trading Down 0.9%

PPG traded down $0.98 during midday trading on Thursday, reaching $112.03. 1,283,987 shares of the company were exchanged, compared to its average volume of 1,824,799. The stock has a market capitalization of $25.43 billion, a P/E ratio of 23.68, a PEG ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The stock's 50-day simple moving average is $107.39 and its 200 day simple moving average is $113.62. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. The business 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%. PPG Industries's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. As a group, analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.43%. PPG Industries's dividend payout ratio is currently 58.24%.

Wall Street Analysts Forecast Growth

PPG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 12th. Citigroup dropped their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Fermium Researc raised PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company increased their price objective on PPG Industries from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Seaport Res Ptn lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Nine 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $128.42.

About PPG Industries

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.