PPG Industries, Inc. $PPG Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 1.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 60,239 shares of the specialty chemicals company’s stock after selling 1,149 shares during the quarter. MetLife Investment Management LLC’s holdings in PPG Industries were worth $6,587,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in PPG Industries in the fourth quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of PPG Industries during the first quarter worth $26,000. CVA Family Office LLC lifted its stake in shares of PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 113 shares during the period. Headlands Technologies LLC acquired a new stake in shares of PPG Industries during the first quarter worth $30,000. Finally, Financial Connections Group Inc. lifted its stake in shares of PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock worth $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 Down 0.3%

NYSE PPG opened at $112.19 on Thursday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The company has a fifty day moving average of $112.71 and a 200 day moving average of $110.66. The company has a market capitalization of $25.32 billion, a PE ratio of 25.44, a P/E/G ratio of 2.33 and a beta of 1.17.

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

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio is presently 64.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PPG Industries from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. Fermium Researc upgraded shares of PPG Industries to a “strong-buy” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on shares of PPG Industries from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Mizuho lifted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

PPG Industries 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.