ASR Vermogensbeheer N.V. Has $33.24 Million Stock Holdings in PPG Industries, Inc. $PPG

ASR Vermogensbeheer N.V. lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 292,224 shares of the specialty chemicals company’s stock after purchasing an additional 1,840 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in PPG Industries were worth $33,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new position in PPG Industries during the first quarter valued at $26,000. Headlands Technologies LLC acquired a new position in PPG Industries during the first quarter valued at $30,000. CVA Family Office LLC raised its position in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 113 shares during the period. Financial Connections Group Inc. raised its position in PPG Industries by 74.6% during the first 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. Finally, Bell Investment Advisors Inc raised its position in PPG Industries by 40.9% during the first quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 103 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

PPG Industries Stock Performance

Shares of NYSE PPG opened at $104.12 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The firm has a market cap of $23.50 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.18 and a beta of 1.16. The business’s 50-day simple moving average is $109.28 and its 200-day simple moving average is $109.58. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $132.18.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, meeting analysts’ consensus estimates of $2.22. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. PPG Industries’s payout ratio is currently 64.40%.

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.