Quantinno Capital Management LP Buys 40,153 Shares of PPG Industries, Inc. (NYSE:PPG)

Quantinno Capital Management LP increased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 104.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 78,720 shares of the specialty chemicals company's stock after buying an additional 40,153 shares during the quarter. Quantinno Capital Management LP's holdings in PPG Industries were worth $9,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPG. Norges Bank bought a new position in shares of PPG Industries in the fourth quarter worth approximately $470,535,000. Kovitz Investment Group Partners LLC increased its holdings 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 acquiring an additional 3,592,655 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in PPG Industries by 815.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,031,164 shares of the specialty chemicals company's stock worth $362,074,000 after buying an additional 2,700,018 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in PPG Industries by 138.9% in the 4th 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 in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of PPG Industries by 17.7% during the 4th quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock valued at $1,262,234,000 after purchasing an additional 1,590,041 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

Shares of NYSE:PPG traded up $0.08 on Monday, reaching $114.16. 1,363,241 shares of the company traded hands, compared to its average volume of 1,820,536. The company's 50 day moving average is $106.44 and its 200-day moving average is $115.06. The stock has a market capitalization of $25.91 billion, a PE ratio of 24.14, a P/E/G ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. 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 (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 (EPS) 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 the consensus estimate of $3.67 billion. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The firm's revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.87 earnings per share. As a group, analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company 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. This represents a $2.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, May 12th. PPG Industries's dividend payout ratio (DPR) is 58.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group reduced their target price on PPG Industries from $153.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Barclays restated an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. 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 stock. Based on data from MarketBeat.com, the company presently 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.