Candriam Luxembourg S.C.A. lifted its position in PPG Industries, Inc. (NYSE:PPG) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 72,159 shares of the specialty chemicals company’s stock after buying an additional 814 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in PPG Industries were worth $8,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verity & Verity LLC grew its holdings in shares of PPG Industries by 0.9% in the 3rd quarter. Verity & Verity LLC now owns 60,816 shares of the specialty chemicals company’s stock worth $6,609,000 after purchasing an additional 534 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of PPG Industries by 3.4% in the 3rd quarter. LS Investment Advisors LLC now owns 23,972 shares of the specialty chemicals company’s stock worth $2,605,000 after purchasing an additional 784 shares during the last quarter. TIAA FSB grew its holdings in shares of PPG Industries by 6.2% in the 4th quarter. TIAA FSB now owns 30,031 shares of the specialty chemicals company’s stock worth $3,508,000 after purchasing an additional 1,744 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of PPG Industries by 19.2% in the 3rd quarter. Private Advisor Group LLC now owns 16,278 shares of the specialty chemicals company’s stock worth $1,827,000 after purchasing an additional 2,626 shares during the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of PPG Industries by 7.4% in the 3rd quarter. Norinchukin Bank The now owns 19,089 shares of the specialty chemicals company’s stock worth $2,074,000 after purchasing an additional 1,310 shares during the last quarter. 74.83% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries, Inc. (PPG) opened at $114.56 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. PPG Industries, Inc. has a 52-week low of $100.34 and a 52-week high of $122.07. The stock has a market cap of $29,150.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59.

PPG Industries (NYSE:PPG) last released its earnings results on Thursday, January 18th. The specialty chemicals company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.01. PPG Industries had a net margin of 10.98% and a return on equity of 26.76%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $1.19 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. equities research analysts anticipate that PPG Industries, Inc. will post 6.57 earnings per share for the current year.

PPG Industries declared that its board has initiated a share repurchase plan on Thursday, December 14th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.57%. PPG Industries’s payout ratio is presently 33.03%.

Several equities research analysts have recently weighed in on the stock. Citigroup lowered their target price on shares of PPG Industries from $128.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $120.00 target price on shares of PPG Industries in a report on Friday, January 19th. Northcoast Research reiterated a “buy” rating and set a $128.00 price target on shares of PPG Industries in a research report on Friday, January 19th. Jefferies Group reiterated a “buy” rating and set a $120.00 price target on shares of PPG Industries in a research report on Thursday, October 19th. Finally, Zacks Investment Research upgraded shares of PPG Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $123.75.

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PPG Industries Profile

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.

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

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