Applied Finance Capital Management LLC Increases Stock Holdings in PPG Industries, Inc. $PPG

Applied Finance Capital Management LLC increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,821 shares of the specialty chemicals company’s stock after purchasing an additional 121 shares during the period. Applied Finance Capital Management LLC’s holdings in PPG Industries were worth $662,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its position 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 acquiring an additional 125 shares during the period. Cheviot Value Management LLC purchased a new stake in PPG Industries during the first quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in PPG Industries during the first quarter valued at about $30,000. Financial Connections Group Inc. grew 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 acquiring an additional 150 shares during the period. Finally, Bell Investment Advisors Inc grew 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 acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE PPG opened at $101.55 on Friday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $132.18. The business has a 50-day moving average of $107.49 and a 200-day moving average of $108.76. 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 market capitalization of $22.92 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.12 and a beta of 1.16.

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

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be paid a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. PPG Industries’s payout ratio is 64.40%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada boosted 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. Bank of America lowered their price target on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has an average rating of “Moderate Buy” and an average target price of $127.73.

About PPG Industries

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.