PPG Industries, Inc. (NYSE:PPG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,571,753 shares of the specialty chemicals company's stock after acquiring an additional 15,161 shares during the period. Charles Schwab Investment Management Inc. owned 1.11% of PPG Industries worth $340,654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Pitcairn Co. increased its position in shares of PPG Industries by 16.3% during the first quarter. Pitcairn Co. now owns 1,623 shares of the specialty chemicals company's stock valued at $235,000 after acquiring an additional 228 shares during the last quarter. Shell Asset Management Co. purchased a new stake in PPG Industries in the first quarter valued at approximately $364,000. 1832 Asset Management L.P. lifted its stake in PPG Industries by 3,039.8% during the first quarter. 1832 Asset Management L.P. now owns 201,415 shares of the specialty chemicals company's stock worth $29,185,000 after purchasing an additional 195,000 shares in the last quarter. LRI Investments LLC purchased a new position in shares of PPG Industries during the first quarter worth $53,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of PPG Industries by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 474,053 shares of the specialty chemicals company's stock valued at $68,692,000 after buying an additional 3,448 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company's stock.

Insiders Place Their Bets

In related 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 transaction of $249,713.00. Following the completion of the sale, the vice president now owns 13,454 shares in the company, valued at $1,692,513.20. This represents a 12.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Friday, October 18th. StockNews.com raised shares of PPG Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of PPG Industries from $138.00 to $136.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 22nd. Mizuho decreased their price target on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $149.93.

PPG Industries Stock Down 0.0 %

PPG traded down $0.03 on Friday, reaching $122.65. The company's stock had a trading volume of 1,173,739 shares, compared to its average volume of 1,453,706. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a fifty-two week low of $118.07 and a fifty-two week high of $151.16. The stock has a 50 day moving average of $127.00 and a two-hundred day moving average of $127.49. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 1.88 and a beta of 1.26.

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

PPG Industries Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.22%. PPG Industries's dividend payout ratio is presently 43.11%.

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.