V Square Quantitative Management LLC Has $670,000 Position in PPG Industries, Inc. (NYSE:PPG)

V Square Quantitative Management LLC grew its holdings in PPG Industries, Inc. (NYSE:PPG) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,060 shares of the specialty chemicals company’s stock after buying an additional 781 shares during the quarter. V Square Quantitative Management LLC’s holdings in PPG Industries were worth $670,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Financial Connections Group Inc. acquired a new stake in PPG Industries in the 2nd quarter valued at about $25,000. Riverview Trust Co acquired a new stake in shares of PPG Industries in the first quarter valued at approximately $34,000. Rothschild Investment LLC bought a new position in PPG Industries in the 2nd quarter worth approximately $37,000. LRI Investments LLC lifted its holdings in PPG Industries by 463.8% during the 2nd quarter. LRI Investments LLC now owns 389 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 320 shares in the last quarter. Finally, Slocum Gordon & Co LLP boosted its position in PPG Industries by 51.7% in the 2nd quarter. Slocum Gordon & Co LLP now owns 455 shares of the specialty chemicals company’s stock valued at $57,000 after buying an additional 155 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PPG. Mizuho dropped their target price on PPG Industries from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday. KeyCorp dropped their price objective on PPG Industries from $162.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Bank of America reduced their target price on shares of PPG Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Citigroup lowered their price target on shares of PPG Industries from $145.00 to $144.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada cut their price objective on shares of PPG Industries from $140.00 to $139.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.50.

PPG Industries Stock Performance

PPG stock opened at $130.93 on Friday. PPG Industries, Inc. has a 1-year low of $118.07 and a 1-year high of $151.16. The business’s 50-day moving average price is $127.21 and its two-hundred day moving average price is $129.19. The firm has a market cap of $30.55 billion, a PE ratio of 21.46, a P/E/G ratio of 1.73 and a beta of 1.26. The company has a current ratio of 1.49, a quick ratio of 1.05 and a debt-to-equity ratio of 0.73.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Wednesday, October 16th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.02). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.66 billion. PPG Industries had a net margin of 7.98% and a return on equity of 23.57%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 EPS. As a group, research analysts forecast that PPG Industries, Inc. will post 8.24 earnings per share for the current year.

PPG Industries Dividend Announcement

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 issued 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 dividend yield of 2.08%. PPG Industries’s payout ratio is 44.59%.

About PPG Industries

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.