PPG Industries, Inc. (NYSE:PPG) Stock Holdings Increased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its position in PPG Industries, Inc. (NYSE:PPG) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,830 shares of the specialty chemicals company’s stock after buying an additional 1,652 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in PPG Industries were worth $1,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPG. Barclays PLC increased its holdings in PPG Industries by 21.0% in the third quarter. Barclays PLC now owns 1,142,045 shares of the specialty chemicals company’s stock valued at $151,276,000 after buying an additional 198,353 shares during the last quarter. Wedmont Private Capital boosted its stake in PPG Industries by 10.1% in the fourth quarter. Wedmont Private Capital now owns 2,488 shares of the specialty chemicals company’s stock valued at $282,000 after acquiring an additional 229 shares during the period. Miracle Mile Advisors LLC acquired a new position in PPG Industries in the fourth quarter valued at approximately $289,000. Park Avenue Securities LLC boosted its stake in PPG Industries by 11.1% in the fourth quarter. Park Avenue Securities LLC now owns 2,365 shares of the specialty chemicals company’s stock valued at $282,000 after acquiring an additional 236 shares during the period. Finally, Burney Co. boosted its stake in PPG Industries by 5.3% in the fourth quarter. Burney Co. now owns 5,570 shares of the specialty chemicals company’s stock valued at $665,000 after acquiring an additional 280 shares during the period. 81.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Argus downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Citigroup decreased their target price on PPG Industries from $135.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lifted their target price on PPG Industries from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Fermium Researc upgraded PPG Industries to a “strong-buy” rating in a research note on Thursday, May 1st. Finally, Mizuho reduced their price objective on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.42.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $113.99 on Friday. 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 50 day simple moving average of $106.44 and a 200-day simple moving average of $115.20. The company has a market cap of $25.88 billion, a PE ratio of 24.10, a P/E/G ratio of 2.19 and a beta of 1.20. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.62 by $0.10. PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned $1.87 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that PPG Industries, Inc. will post 7.95 EPS 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 issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.39%. PPG Industries’s payout ratio is 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.