Compagnie Lombard Odier SCmA Purchases 1,747 Shares of PPG Industries, Inc. (NYSE:PPG)

Compagnie Lombard Odier SCmA boosted its position in PPG Industries, Inc. (NYSE:PPG) by 95.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,586 shares of the specialty chemicals company’s stock after purchasing an additional 1,747 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in PPG Industries were worth $428,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PPG. Exchange Traded Concepts LLC raised its holdings in PPG Industries by 156.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the specialty chemicals company’s stock worth $154,000 after purchasing an additional 707 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in PPG Industries by 7.1% in the third quarter. Vontobel Holding Ltd. now owns 3,426 shares of the specialty chemicals company’s stock worth $454,000 after purchasing an additional 227 shares in the last quarter. Good Life Advisors LLC raised its holdings in PPG Industries by 6.2% in the third quarter. Good Life Advisors LLC now owns 2,461 shares of the specialty chemicals company’s stock worth $326,000 after purchasing an additional 143 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in PPG Industries by 11.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,871 shares of the specialty chemicals company’s stock worth $3,427,000 after purchasing an additional 2,652 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in PPG Industries by 18.3% in the third quarter. V Square Quantitative Management LLC now owns 5,060 shares of the specialty chemicals company’s stock worth $670,000 after purchasing an additional 781 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of NYSE PPG opened at $117.75 on Friday. 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, Inc. has a 52 week low of $110.20 and a 52 week high of $145.60. The business’s 50 day moving average price is $119.18 and its 200 day moving average price is $123.54. The firm has a market cap of $27.32 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.97 and a beta of 1.23.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. On average, sell-side analysts expect that PPG Industries, Inc. will post 7.96 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 21st will be given a $0.68 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.72 annualized dividend and a yield of 2.31%. PPG Industries’s dividend payout ratio is presently 57.51%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. BMO Capital Markets restated an “outperform” rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a report on Monday, October 21st. The Goldman Sachs Group cut their price objective 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. KeyCorp downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of PPG Industries from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.15.

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.