Schwab Charles Investment Management Inc. raised its position in PPG Industries, Inc. (NYSE:PPG) by 16.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,028,914 shares of the specialty chemicals company’s stock after purchasing an additional 142,077 shares during the period. Schwab Charles Investment Management Inc. owned 0.40% of PPG Industries worth $111,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PPG. Capital Research Global Investors acquired a new position in shares of PPG Industries during the 2nd quarter valued at $192,226,000. American Century Companies Inc. lifted its position in shares of PPG Industries by 408.2% during the 3rd quarter. American Century Companies Inc. now owns 1,878,315 shares of the specialty chemicals company’s stock valued at $204,098,000 after acquiring an additional 1,508,715 shares during the period. Nordea Investment Management AB lifted its position in shares of PPG Industries by 52.6% during the 2nd quarter. Nordea Investment Management AB now owns 2,758,249 shares of the specialty chemicals company’s stock valued at $303,297,000 after acquiring an additional 950,967 shares during the period. Pioneer Investment Management Inc. lifted its position in shares of PPG Industries by 208.1% during the 2nd quarter. Pioneer Investment Management Inc. now owns 1,183,124 shares of the specialty chemicals company’s stock valued at $130,096,000 after acquiring an additional 799,098 shares during the period. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of PPG Industries during the 3rd quarter valued at $63,331,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.

Shares of PPG Industries, Inc. (NYSE:PPG) traded down $0.92 during mid-day trading on Friday, reaching $115.93. 1,540,781 shares of the company’s stock were exchanged, compared to its average volume of 1,448,321. The company has a market cap of $29,500.00, a price-to-earnings ratio of 19.92, a PEG ratio of 2.33 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.68. PPG Industries, Inc. has a fifty-two week low of $93.80 and a fifty-two week high of $119.85.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.75 billion. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. PPG Industries’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.56 EPS. research analysts anticipate that PPG Industries, Inc. will post 5.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.80 dividend on an annualized basis and a yield of 1.55%. PPG Industries’s dividend payout ratio (DPR) is presently 35.86%.

A number of research firms recently issued reports on PPG. Wells Fargo & Company reiterated a “market perform” rating and set a $120.00 target price (up previously from $110.00) on shares of PPG Industries in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of PPG Industries from a “sell” rating to a “hold” rating in a research report on Monday. Citigroup boosted their target price on shares of PPG Industries from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their target price on shares of PPG Industries from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Bank of America set a $120.00 target price on shares of PPG Industries and gave the company a “hold” rating in a research report on Friday, October 20th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $119.40.

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About PPG Industries

PPG Industries, Inc manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses.

Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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