OxFORD Asset Management LLP grew its holdings in PPG Industries, Inc. (NYSE:PPG) by 72.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,903 shares of the specialty chemicals company’s stock after purchasing an additional 22,197 shares during the quarter. OxFORD Asset Management LLP’s holdings in PPG Industries were worth $5,753,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sigma Planning Corp raised its position in shares of PPG Industries by 0.3% during the 2nd quarter. Sigma Planning Corp now owns 4,069 shares of the specialty chemicals company’s stock valued at $447,000 after buying an additional 12 shares during the period. Sullivan Bruyette Speros & Blaney LLC raised its position in shares of PPG Industries by 0.4% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 3,165 shares of the specialty chemicals company’s stock valued at $348,000 after buying an additional 12 shares during the period. First Interstate Bank increased its holdings in PPG Industries by 3.1% in the 2nd quarter. First Interstate Bank now owns 1,157 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 35 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in PPG Industries by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,663 shares of the specialty chemicals company’s stock valued at $403,000 after purchasing an additional 54 shares during the last quarter. Finally, Bank of The Ozarks increased its holdings in PPG Industries by 2.3% in the 2nd quarter. Bank of The Ozarks now owns 2,420 shares of the specialty chemicals company’s stock valued at $266,000 after purchasing an additional 55 shares during the last quarter. 75.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of PPG Industries, Inc. (NYSE PPG) traded up $0.36 during trading on Thursday, hitting $116.25. 1,292,100 shares of the stock were exchanged, compared to its average volume of 1,439,327. PPG Industries, Inc. has a twelve month low of $93.80 and a twelve month high of $119.85. The company has a current ratio of 1.65, a quick ratio of 1.26 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $29,060.00, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.60.
PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.52. PPG Industries had a net margin of 12.21% and a return on equity of 27.85%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that PPG Industries, Inc. will post 5.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, November 10th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 9th. This represents a $1.80 annualized dividend and a yield of 1.55%. PPG Industries’s payout ratio is currently 35.86%.
Several analysts recently weighed in on PPG shares. Zacks Investment Research downgraded shares of PPG Industries from a “hold” rating to a “sell” rating in a report on Monday, September 25th. Credit Suisse Group set a $119.00 price target on shares of PPG Industries and gave the stock a “buy” rating in a research note on Friday, October 20th. Citigroup boosted their price target on shares of PPG Industries from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. KeyCorp reiterated a “buy” rating and set a $125.00 target price on shares of PPG Industries in a research note on Friday, August 25th. Finally, Robert W. Baird boosted their target price on shares of PPG Industries from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $119.40.
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.
Receive News & Ratings for PPG Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPG Industries and related companies with MarketBeat.com's FREE daily email newsletter.