4,137 Shares in PPG Industries, Inc. $PPG Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,137 shares of the specialty chemicals company’s stock, valued at approximately $471,000.

Other institutional investors also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its holdings in PPG Industries by 127.6% during the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 125 shares during the period. Cheviot Value Management LLC acquired a new position in shares of PPG Industries in the 1st quarter valued at $26,000. Gladwyn Financial Advisors Inc. acquired a new position in shares of PPG Industries in the 2nd quarter valued at $31,000. Headlands Technologies LLC acquired a new position in shares of PPG Industries in the 1st quarter valued at $30,000. Finally, Financial Connections Group Inc. grew its holdings in shares of PPG Industries by 74.6% in the 1st quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 150 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 0.3%

NYSE:PPG opened at $97.78 on Friday. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $130.05. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $105.65 and a two-hundred day moving average price of $109.03. The company has a market cap of $22.07 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.04. PPG Industries had a return on equity of 24.17% and a net margin of 6.35%.The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The business’s revenue was up 1.2% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, November 10th. PPG Industries’s dividend payout ratio is currently 64.40%.

Analysts Set New Price Targets

PPG has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. UBS Group decreased their price objective on PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America decreased their price objective on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Mizuho reduced their price target on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Wells Fargo & Company reduced their price target on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, PPG Industries presently has a consensus rating of “Moderate Buy” and an average target price of $124.30.

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.