Wealth Enhancement Advisory Services LLC Grows Stake in PPG Industries, Inc. $PPG

Wealth Enhancement Advisory Services LLC boosted its stake in PPG Industries, Inc. (NYSE:PPG) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,295 shares of the specialty chemicals company’s stock after buying an additional 5,893 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PPG Industries were worth $7,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 920 shares during the period. Empowered Funds LLC lifted its holdings in PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP grew its position in PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after acquiring an additional 5,667 shares during the period. Finally, Ballentine Partners LLC increased its stake in PPG Industries by 2.8% during the second quarter. Ballentine Partners LLC now owns 6,210 shares of the specialty chemicals company’s stock worth $706,000 after acquiring an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $112.20 on Friday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $124.74. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.32 and a beta of 1.17. The company has a 50-day simple moving average of $103.33 and a 200-day simple moving average of $105.64. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the firm posted $2.13 EPS. PPG Industries’s quarterly 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. On average, analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Insider Buying and Selling at PPG Industries

In related news, CFO Vincent J. Morales sold 5,200 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total transaction of $572,000.00. Following the transaction, the chief financial officer owned 28,439 shares of the company’s stock, valued at $3,128,290. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PPG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. Wells Fargo & Company cut their target price on PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. UBS Group reduced their price objective on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Berenberg Bank dropped their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, BNP Paribas Exane decreased their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Hold” and an average price target of $120.86.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.