3,425 Shares in PPG Industries, Inc. (NYSE:PPG) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,425 shares of the specialty chemicals company’s stock, valued at approximately $409,000.

Several other large investors have also recently added to or reduced their stakes in PPG. Prudent Man Investment Management Inc. purchased a new position in PPG Industries during the fourth quarter worth about $36,000. Albion Financial Group UT purchased a new position in PPG Industries in the fourth quarter valued at about $38,000. Crews Bank & Trust purchased a new position in PPG Industries in the fourth quarter valued at about $42,000. Sugar Maple Asset Management LLC purchased a new position in PPG Industries in the fourth quarter valued at about $44,000. Finally, Millstone Evans Group LLC purchased a new position in PPG Industries in the fourth quarter valued at about $46,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of PPG Industries from $112.00 to $113.00 and gave the company a “sector perform” rating in a report on Friday, May 2nd. Citigroup dropped their target price on shares of PPG Industries from $135.00 to $113.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of PPG Industries from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, Mizuho dropped their target price on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.42.

PPG Industries Stock Up 1.2%

Shares of NYSE PPG opened at $113.00 on Friday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The firm’s 50 day moving average price is $106.43 and its 200 day moving average price is $115.29. The firm has a market cap of $25.65 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the business earned $1.87 earnings per share. PPG Industries’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.41%. PPG Industries’s dividend payout ratio (DPR) 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.