Robeco Institutional Asset Management B.V. Has $6.83 Million Holdings in PPG Industries, Inc. (PPG)

Robeco Institutional Asset Management B.V. grew its position in shares of PPG Industries, Inc. (NYSE:PPG) by 125.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,515 shares of the specialty chemicals company’s stock after purchasing an additional 33,730 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in PPG Industries were worth $6,830,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PPG. Massachusetts Financial Services Co. MA boosted its position in shares of PPG Industries by 2.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 24,144,052 shares of the specialty chemicals company’s stock worth $2,468,246,000 after acquiring an additional 643,315 shares during the last quarter. BlackRock Inc. boosted its position in shares of PPG Industries by 1.1% in the fourth quarter. BlackRock Inc. now owns 14,628,186 shares of the specialty chemicals company’s stock worth $1,495,440,000 after acquiring an additional 157,955 shares during the last quarter. Trian Fund Management L.P. boosted its position in shares of PPG Industries by 69.2% in the fourth quarter. Trian Fund Management L.P. now owns 7,009,412 shares of the specialty chemicals company’s stock worth $716,572,000 after acquiring an additional 2,866,150 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PPG Industries by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 2,839,765 shares of the specialty chemicals company’s stock worth $289,748,000 after acquiring an additional 153,809 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of PPG Industries by 10,003.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,810,405 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 2,782,589 shares during the last quarter. 79.33% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on PPG. Zacks Investment Research raised shares of PPG Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. BMO Capital Markets raised their target price on shares of PPG Industries from $112.00 to $113.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Deutsche Bank raised their target price on shares of PPG Industries from $120.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. They noted that the move was a valuation call. KeyCorp raised their target price on shares of PPG Industries from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $115.00 target price on shares of PPG Industries in a research report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. PPG Industries has a consensus rating of “Hold” and an average target price of $118.10.

NYSE PPG opened at $111.56 on Thursday. PPG Industries, Inc. has a one year low of $94.37 and a one year high of $121.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.97 and a current ratio of 1.40. The company has a market capitalization of $26.27 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Thursday, April 18th. The specialty chemicals company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.17. PPG Industries had a net margin of 8.67% and a return on equity of 28.72%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $1.39 earnings per share. PPG Industries’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts predict that PPG Industries, Inc. will post 6.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 10th will be issued a $0.48 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.92 annualized dividend and a yield of 1.72%. PPG Industries’s payout ratio is 32.43%.

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About PPG Industries

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States and internationally. It operates through Performance Coatings and Industrial Coatings segments. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor; protective and marine coatings and finishes; architectural coatings; and purchased sundries to painting contractors and consumers, as well as chemical management services.

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

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