2,163 Shares in PPG Industries, Inc. (NYSE:PPG) Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. acquired a new position in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,163 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

Other large investors have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in PPG Industries in the fourth quarter worth $36,000. Albion Financial Group UT bought a new stake in PPG Industries in the fourth quarter worth $38,000. Crews Bank & Trust bought a new stake in PPG Industries in the fourth quarter worth $42,000. Millstone Evans Group LLC bought a new stake in PPG Industries in the fourth quarter worth $46,000. Finally, Human Investing LLC bought a new stake in PPG Industries in the fourth quarter worth $48,000. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PPG. Argus cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Fermium Researc upgraded shares of PPG Industries to a “strong-buy” rating in a report on Thursday, May 1st. Seaport Res Ptn cut shares of PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.42.

PPG Industries Stock Down 2.2%

NYSE PPG opened at $111.30 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 1.58. The firm has a 50-day simple moving average of $106.50 and a 200 day simple moving average of $114.96. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The stock has a market cap of $25.26 billion, a PE ratio of 23.53, a PEG ratio of 2.19 and a beta of 1.20.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results 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. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. On average, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, May 12th. PPG Industries’s dividend payout ratio is 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.