TD Waterhouse Canada Inc. Raises Holdings in PPG Industries, Inc. $PPG

TD Waterhouse Canada Inc. grew its holdings in PPG Industries, Inc. (NYSE:PPG) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,991 shares of the specialty chemicals company’s stock after purchasing an additional 1,226 shares during the period. TD Waterhouse Canada Inc.’s holdings in PPG Industries were worth $2,443,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Cookson Peirce & Co. Inc. raised its position in PPG Industries by 1.9% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 4,862 shares of the specialty chemicals company’s stock worth $532,000 after buying an additional 89 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of PPG Industries by 1.3% during the 1st quarter. Summit Financial LLC now owns 7,246 shares of the specialty chemicals company’s stock valued at $792,000 after acquiring an additional 90 shares during the last quarter. Bell Investment Advisors Inc grew its stake in shares of PPG Industries by 40.9% in the first quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 103 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of PPG Industries by 0.5% during the second quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after purchasing an additional 107 shares during the last quarter. Finally, Motco lifted its position in PPG Industries by 19.3% during the first quarter. Motco now owns 680 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 110 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 3.8%

Shares of PPG stock opened at $98.79 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.47. The stock has a fifty day simple moving average of $101.25 and a two-hundred day simple moving average of $108.19. The firm has a market capitalization of $22.17 billion, a PE ratio of 22.40, a PEG ratio of 2.13 and a beta of 1.19. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $130.05.

PPG Industries (NYSE:PPG) last released its quarterly earnings data 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. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a return on equity of 24.17% and a net margin of 6.35%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on PPG. Bank of America cut their target price on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. Royal Bank Of Canada upped their price objective 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. Evercore ISI dropped their target price on PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Finally, Zacks Research lowered shares of PPG Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $123.64.

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.