PPG Industries, Inc. (NYSE:PPG) Stock Position Increased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 163.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,839 shares of the specialty chemicals company's stock after acquiring an additional 29,688 shares during the period. Mizuho Securities USA LLC's holdings in PPG Industries were worth $6,337,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PPG. Financial Connections Group Inc. acquired a new position in shares of PPG Industries during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of PPG Industries during the 3rd quarter worth $34,000. Rothschild Investment LLC bought a new position in PPG Industries in the second quarter valued at about $37,000. Hara Capital LLC bought a new position in PPG Industries in the third quarter valued at about $40,000. Finally, Ashton Thomas Securities LLC bought a new position in PPG Industries in the third quarter valued at about $46,000. Institutional investors own 81.86% of the company's stock.

Wall Street Analysts Forecast Growth

PPG has been the subject of several recent analyst reports. Mizuho decreased their target price on PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $155.00 to $145.00 and set an "overweight" rating on the stock in a report on Friday, October 18th. Citigroup dropped their price target on PPG Industries from $145.00 to $144.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. KeyCorp lowered their target price on PPG Industries from $162.00 to $153.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Finally, Barclays reduced their price target on PPG Industries from $148.00 to $144.00 and set an "equal weight" rating for the company in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, PPG Industries has a consensus rating of "Moderate Buy" and an average price target of $149.93.

Insider Activity at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $125.80, for a total value of $249,713.00. Following the completion of the sale, the vice president now owns 13,454 shares of the company's stock, valued at $1,692,513.20. This represents a 12.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

PPG Industries Stock Performance

PPG traded down $0.99 on Friday, reaching $122.53. The company had a trading volume of 1,625,453 shares, compared to its average volume of 1,472,078. PPG Industries, Inc. has a 1 year low of $118.07 and a 1 year high of $151.16. The stock has a market capitalization of $28.43 billion, a PE ratio of 19.42, a P/E/G ratio of 1.87 and a beta of 1.26. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $127.37 and a 200-day moving average price of $127.80.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.02). PPG Industries had a return on equity of 23.63% and a net margin of 8.24%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. As a group, research analysts forecast that PPG Industries, Inc. will post 8.18 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, November 12th. PPG Industries's payout ratio is 43.11%.

PPG Industries Company 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.