PPG Industries, Inc. (NYSE:PPG) Shares Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. grew its position in PPG Industries, Inc. (NYSE:PPG) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,088 shares of the specialty chemicals company’s stock after acquiring an additional 719 shares during the period. Global X Japan Co. Ltd.’s holdings in PPG Industries were worth $488,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. acquired a new position in PPG Industries in the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. raised its position in shares of PPG Industries by 465.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 243 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in PPG Industries in the 3rd quarter valued at about $34,000. Albion Financial Group UT acquired a new stake in shares of PPG Industries in the fourth quarter worth approximately $38,000. Finally, Hara Capital LLC acquired a new position in PPG Industries in the 3rd quarter valued at $40,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 3.0 %

NYSE:PPG opened at $115.93 on Friday. PPG Industries, Inc. has a 12-month low of $110.20 and a 12-month high of $145.60. The firm has a market cap of $26.90 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $120.37 and a 200 day moving average price of $123.99.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.9 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.68 per share. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a dividend yield of 2.35%. PPG Industries’s dividend payout ratio is presently 57.51%.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of recent research reports. Citigroup lowered their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Monday. Barclays reduced their target price on shares of PPG Industries from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Finally, KeyCorp cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.46.

PPG Industries 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.