Mercer Global Advisors Inc. ADV Buys 3,893 Shares of PPG Industries, Inc. (NYSE:PPG)

Mercer Global Advisors Inc. ADV grew its stake in shares of PPG Industries, Inc. (NYSE:PPGGet Rating) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,451 shares of the specialty chemicals company’s stock after purchasing an additional 3,893 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in PPG Industries were worth $1,975,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PPG. Ceredex Value Advisors LLC increased its holdings in PPG Industries by 140.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 876,200 shares of the specialty chemicals company’s stock worth $125,305,000 after purchasing an additional 512,350 shares in the last quarter. Invesco Ltd. boosted its holdings in PPG Industries by 21.6% during the 3rd quarter. Invesco Ltd. now owns 1,591,113 shares of the specialty chemicals company’s stock worth $227,544,000 after acquiring an additional 283,110 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in PPG Industries by 27.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,232,434 shares of the specialty chemicals company’s stock worth $176,250,000 after acquiring an additional 263,750 shares during the last quarter. State Farm Mutual Automobile Insurance Co. boosted its holdings in PPG Industries by 102.5% during the 3rd quarter. State Farm Mutual Automobile Insurance Co. now owns 286,012 shares of the specialty chemicals company’s stock worth $40,903,000 after acquiring an additional 144,745 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in PPG Industries by 11.2% during the 3rd quarter. Morgan Stanley now owns 1,398,247 shares of the specialty chemicals company’s stock worth $199,964,000 after acquiring an additional 141,047 shares during the last quarter. 78.95% of the stock is owned by hedge funds and other institutional investors.

PPG has been the topic of several recent analyst reports. Barclays dropped their target price on shares of PPG Industries from $185.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 25th. Vertical Research lowered PPG Industries from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research report on Tuesday, January 4th. Zacks Investment Research lowered PPG Industries from a “hold” rating to a “sell” rating and set a $138.00 target price for the company. in a research report on Friday, April 1st. Royal Bank of Canada decreased their target price on PPG Industries from $174.00 to $169.00 in a research report on Tuesday, January 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $200.00 target price on shares of PPG Industries in a research report on Friday, February 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $173.44.

Shares of PPG opened at $133.15 on Friday. The stock’s 50-day simple moving average is $132.26 and its 200 day simple moving average is $151.04. The stock has a market capitalization of $31.44 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.42. PPG Industries, Inc. has a 52-week low of $111.32 and a 52-week high of $182.97.

PPG Industries (NYSE:PPGGet Rating) last posted its earnings results on Thursday, April 21st. The specialty chemicals company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.26. PPG Industries had a return on equity of 25.70% and a net margin of 8.56%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that PPG Industries, Inc. will post 7.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, May 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.77%. PPG Industries’s payout ratio is 39.27%.

PPG Industries Profile (Get Rating)

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials worldwide. The company's 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; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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