Nomura Holdings Inc. Acquires 3,891 Shares of PPG Industries, Inc. (NYSE:PPG)

Nomura Holdings Inc. increased its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 38.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,961 shares of the specialty chemicals company’s stock after purchasing an additional 3,891 shares during the quarter. Nomura Holdings Inc.’s holdings in PPG Industries were worth $1,668,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. PUREfi Wealth LLC bought a new stake in PPG Industries during the 4th quarter worth approximately $279,000. Vanguard Group Inc. increased its stake in PPG Industries by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company’s stock worth $3,508,210,000 after purchasing an additional 756,937 shares in the last quarter. Avanza Fonder AB bought a new stake in PPG Industries during the 4th quarter worth approximately $2,944,000. Lebenthal Global Advisors LLC acquired a new position in PPG Industries during the 4th quarter worth approximately $409,000. Finally, Union Bancaire Privee UBP SA acquired a new position in PPG Industries during the 4th quarter worth approximately $2,543,000. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Up 0.8%

Shares of PPG Industries stock opened at $113.99 on Friday. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. The business’s 50 day moving average is $106.44 and its 200-day moving average is $115.13. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $25.88 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.19 and a beta of 1.20.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the business earned $1.87 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be paid a $0.68 dividend. 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 (DPR) is presently 58.24%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PPG. Wells Fargo & Company upped their price target on PPG Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Argus downgraded PPG Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. UBS Group upped their price target on PPG Industries from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upped their price target on PPG Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Finally, Barclays reaffirmed an “equal weight” rating on shares of PPG Industries in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PPG Industries 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.