PPG Industries, Inc. (NYSE:PPG) Shares Purchased by Aspire Private Capital LLC

Aspire Private Capital LLC boosted its position in PPG Industries, Inc. (NYSE:PPG) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,784 shares of the specialty chemicals company’s stock after buying an additional 774 shares during the period. Aspire Private Capital LLC’s holdings in PPG Industries were worth $304,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PPG. Vanguard Group Inc. lifted its holdings in shares of PPG Industries by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 29,369,691 shares of the specialty chemicals company’s stock valued at $3,508,210,000 after buying an additional 756,937 shares during the period. Union Bancaire Privee UBP SA purchased a new position in PPG Industries in the fourth quarter worth $2,543,000. FourThought Financial Partners LLC acquired a new stake in PPG Industries in the fourth quarter valued at $458,000. Bell Asset Management Ltd acquired a new stake in PPG Industries in the fourth quarter valued at $6,955,000. Finally, Impax Asset Management Group plc boosted its position in shares of PPG Industries by 7.0% during the 4th quarter. Impax Asset Management Group plc now owns 254,358 shares of the specialty chemicals company’s stock worth $30,383,000 after purchasing an additional 16,567 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PPG has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PPG Industries from $125.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on PPG Industries from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Argus downgraded PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, Royal Bank Of Canada lifted their price objective on PPG Industries from $112.00 to $113.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

PPG Industries Price Performance

PPG opened at $108.71 on Friday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The company’s 50 day simple moving average is $108.57 and its 200 day simple moving average is $112.84. The stock has a market capitalization of $24.68 billion, a PE ratio of 23.28, a P/E/G ratio of 2.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 1.35.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period last year, the business posted $1.87 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.72 annualized dividend and a dividend yield of 2.50%. PPG Industries’s payout ratio is currently 58.24%.

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.