Nomura Holdings Inc. Purchases 3,891 Shares of PPG Industries, Inc. (NYSE:PPG)

Nomura Holdings Inc. grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 38.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,961 shares of the specialty chemicals company’s stock after buying an additional 3,891 shares during the quarter. Nomura Holdings Inc.’s holdings in PPG Industries were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP increased its position in PPG Industries by 155.9% during the 4th quarter. Occudo Quantitative Strategies LP now owns 12,591 shares of the specialty chemicals company’s stock worth $1,504,000 after buying an additional 7,671 shares during the period. OMERS ADMINISTRATION Corp increased its position in PPG Industries by 20.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,830 shares of the specialty chemicals company’s stock worth $1,174,000 after buying an additional 1,652 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PPG Industries by 17.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,879 shares of the specialty chemicals company’s stock worth $3,330,000 after buying an additional 4,240 shares during the period. MJP Associates Inc. ADV acquired a new stake in shares of PPG Industries during the 4th quarter worth $514,000. Finally, LRI Investments LLC grew its holdings in shares of PPG Industries by 25.3% during the 4th quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.8%

PPG stock opened at $113.99 on Friday. The stock has a market capitalization of $25.88 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24. The firm has a 50-day moving average price of $106.44 and a 200-day moving average price of $115.13.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.67 billion. PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 earnings per share. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a dividend of $0.68 per share. The ex-dividend date is Monday, May 12th. This represents a $2.72 annualized dividend and a yield of 2.39%. PPG Industries’s dividend payout ratio is presently 58.24%.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of analyst reports. Barclays reiterated an “equal weight” rating on shares of PPG Industries in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of PPG Industries from $135.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Fermium Researc upgraded shares of PPG Industries to a “strong-buy” rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada increased their price objective on shares of PPG Industries from $112.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $128.42.

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.