PPG Industries, Inc. (NYSE:PPG) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 30.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,292 shares of the specialty chemicals company's stock after buying an additional 8,670 shares during the quarter. Daiwa Securities Group Inc.'s holdings in PPG Industries were worth $4,940,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in PPG Industries by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 474,053 shares of the specialty chemicals company's stock worth $68,692,000 after purchasing an additional 3,448 shares during the period. Silvercrest Asset Management Group LLC increased its stake in PPG Industries by 0.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 27,878 shares of the specialty chemicals company's stock worth $4,040,000 after acquiring an additional 171 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in PPG Industries by 29.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,054 shares of the specialty chemicals company's stock worth $732,000 after acquiring an additional 1,158 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of PPG Industries by 3.8% in the 1st quarter. California State Teachers Retirement System now owns 427,262 shares of the specialty chemicals company's stock valued at $61,910,000 after purchasing an additional 15,701 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of PPG Industries by 145.0% during the 1st quarter. Tidal Investments LLC now owns 23,584 shares of the specialty chemicals company's stock worth $3,417,000 after purchasing an additional 13,959 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of PPG opened at $123.37 on Wednesday. The stock has a market capitalization of $28.62 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. The business's fifty day moving average price is $126.88 and its 200 day moving average price is $127.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a 12-month low of $118.07 and a 12-month high of $151.16.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share 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 business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the prior year, the company earned $2.07 EPS. PPG Industries's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts forecast that PPG Industries, Inc. will post 8.18 EPS for the current year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.20%. PPG Industries's dividend payout ratio is currently 43.11%.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 1,985 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $125.80, for a total transaction of $249,713.00. Following the completion of the transaction, the vice president now directly owns 13,454 shares in the company, valued at approximately $1,692,513.20. The trade was a 12.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on PPG shares. Mizuho cut their price target on shares of PPG Industries from $160.00 to $150.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 price target (down from $160.00) on shares of PPG Industries in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered their price target on PPG Industries from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Friday, October 18th. Royal Bank of Canada lowered their target price on PPG Industries from $138.00 to $136.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered PPG Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $149.93.

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.