Compagnie Lombard Odier SCmA Increases Stock Holdings in PPG Industries, Inc. (NYSE:PPG)

Compagnie Lombard Odier SCmA increased its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 95.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,586 shares of the specialty chemicals company’s stock after acquiring an additional 1,747 shares during the period. Compagnie Lombard Odier SCmA’s holdings in PPG Industries were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northern Financial Advisors Inc purchased a new position in shares of PPG Industries during the 4th quarter valued at approximately $350,000. Vontobel Holding Ltd. lifted its position in shares of PPG Industries by 6.8% during the 4th quarter. Vontobel Holding Ltd. now owns 3,658 shares of the specialty chemicals company’s stock valued at $437,000 after buying an additional 232 shares in the last quarter. G&S Capital LLC lifted its position in shares of PPG Industries by 2.2% during the 4th quarter. G&S Capital LLC now owns 5,024 shares of the specialty chemicals company’s stock valued at $600,000 after buying an additional 109 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of PPG Industries by 0.7% during the 4th quarter. Van ECK Associates Corp now owns 40,064 shares of the specialty chemicals company’s stock valued at $4,785,000 after buying an additional 263 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of PPG Industries by 25.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,165 shares of the specialty chemicals company’s stock valued at $2,212,000 after buying an additional 3,843 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 0.1 %

Shares of PPG opened at $117.75 on Friday. PPG Industries, Inc. has a 52-week low of $110.20 and a 52-week high of $145.60. The company has a market capitalization of $27.32 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The stock has a fifty day simple moving average of $119.18 and a two-hundred day simple moving average of $123.54. 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 (NYSE:PPG) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.04). PPG Industries had a return on equity of 23.78% and a net margin of 6.41%. As a group, equities analysts forecast that PPG Industries, Inc. will post 7.96 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday, February 21st. PPG Industries’s payout ratio is 57.51%.

Analysts Set New Price Targets

PPG has been the subject of several recent research reports. Royal Bank of Canada reduced their price objective on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 4th. Citigroup reduced their price objective on PPG Industries from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. KeyCorp downgraded PPG Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Mizuho reduced their price objective on PPG Industries from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group reduced their price objective on PPG Industries from $128.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PPG Industries presently has an average rating of “Moderate Buy” and a consensus target price of $138.15.

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.