Occudo Quantitative Strategies LP Purchases 7,671 Shares of PPG Industries, Inc. (NYSE:PPG)

Occudo Quantitative Strategies LP increased its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 155.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,591 shares of the specialty chemicals company's stock after purchasing an additional 7,671 shares during the quarter. Occudo Quantitative Strategies LP's holdings in PPG Industries were worth $1,504,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PPG. OMERS ADMINISTRATION Corp lifted its stake in shares of PPG Industries by 20.2% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,830 shares of the specialty chemicals company's stock valued at $1,174,000 after purchasing an additional 1,652 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PPG Industries by 17.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,879 shares of the specialty chemicals company's stock valued at $3,330,000 after acquiring an additional 4,240 shares in the last quarter. MJP Associates Inc. ADV purchased a new stake in shares of PPG Industries during the fourth quarter worth about $514,000. LRI Investments LLC increased its stake in PPG Industries by 25.3% in the fourth quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in PPG Industries in the fourth quarter valued at approximately $1,792,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PPG has been the topic of several research reports. Seaport Res Ptn lowered PPG Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Argus downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. The Goldman Sachs Group reduced their target price on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, UBS Group boosted their target price on shares of PPG Industries from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $128.42.

PPG Industries Trading Up 0.8%

PPG Industries stock traded up $0.93 during mid-day trading on Friday, hitting $113.99. 3,275,448 shares of the company's stock were exchanged, compared to its average volume of 1,820,430. The company's 50 day simple moving average is $106.43 and its 200-day simple moving average is $115.29. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The firm has a market capitalization of $25.88 billion, a P/E ratio of 24.10, 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 quarterly earnings data 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. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The company's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 earnings per share. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio is currently 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.