2,825 Shares in PPG Industries, Inc. $PPG Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,825 shares of the specialty chemicals company’s stock, valued at approximately $309,000.

Several other institutional investors have also recently modified their holdings of PPG. Brighton Jones LLC raised its holdings in PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in PPG Industries in the 4th quarter valued at $568,000. Lighthouse Investment Partners LLC acquired a new position in PPG Industries in the 4th quarter valued at $1,792,000. LRI Investments LLC raised its holdings in PPG Industries by 25.3% in the 4th quarter. LRI Investments LLC now owns 456 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PPG Industries by 17.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,879 shares of the specialty chemicals company’s stock valued at $3,330,000 after acquiring an additional 4,240 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.5%

Shares of NYSE PPG opened at $108.87 on Thursday. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The firm has a fifty day moving average of $112.06 and a 200-day moving average of $110.21. The stock has a market capitalization of $24.57 billion, a PE ratio of 24.69, a P/E/G ratio of 2.26 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same period in the prior year, the company earned $2.50 EPS. The firm’s revenue was down .9% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be given a dividend of $0.71 per share. This is a positive change 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 dividend on an annualized basis and a yield of 2.6%. PPG Industries’s dividend payout ratio is currently 64.40%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PPG shares. UBS Group boosted their price target on PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Mizuho boosted their price target on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Citigroup boosted their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.82.

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.