Universal Beteiligungs und Servicegesellschaft mbH Raises Stake in PPG Industries, Inc. (NYSE:PPG)

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 215,605 shares of the specialty chemicals company’s stock after purchasing an additional 5,003 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PPG Industries were worth $23,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at approximately $26,000. CVA Family Office LLC lifted its stake in shares of PPG Industries by 70.6% in the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 113 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of PPG Industries in the 4th quarter worth approximately $36,000. Beacon Capital Management LLC lifted its stake in shares of PPG Industries by 37.1% in the 1st quarter. Beacon Capital Management LLC now owns 373 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 101 shares during the period. Finally, Cromwell Holdings LLC lifted its stake in shares of PPG Industries by 88.0% in the 1st quarter. Cromwell Holdings LLC now owns 393 shares of the specialty chemicals company’s stock worth $43,000 after purchasing an additional 184 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Performance

Shares of PPG opened at $116.78 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The stock has a 50 day moving average price of $113.33 and a 200 day moving average price of $112.02. The company has a market capitalization of $26.51 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the business earned $1.87 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be given a $0.71 dividend. This is a boost from PPG Industries’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.84 annualized dividend and a yield of 2.43%. PPG Industries’s dividend payout ratio is presently 58.24%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PPG. Citigroup lifted their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 13th. UBS Group lifted their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Fermium Researc upgraded shares of PPG Industries to a “strong-buy” rating in a research report on Thursday, May 1st. Mizuho upped their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.45.

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.