Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in PPG Industries, Inc. $PPG

Universal Beteiligungs und Servicegesellschaft mbH raised its position in PPG Industries, Inc. (NYSE:PPG) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 219,385 shares of the specialty chemicals company’s stock after purchasing an additional 3,780 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of PPG Industries worth $24,955,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its stake 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 buying an additional 125 shares during the period. Cheviot Value Management LLC bought a new stake in shares of PPG Industries during the 1st quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in shares of PPG Industries during the first quarter worth about $30,000. Gladwyn Financial Advisors Inc. bought a new position in shares of PPG Industries in the second quarter worth approximately $31,000. Finally, Addison Advisors LLC raised its stake in PPG Industries by 1,515.8% in the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 1.5%

NYSE PPG opened at $95.54 on Tuesday. The stock has a market cap of $21.44 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.47. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $130.05. The stock has a 50 day simple moving average of $102.40 and a two-hundred day simple moving average of $108.57.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.35% and a return on equity of 24.17%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s payout ratio is 64.40%.

Analysts Set New Price Targets

PPG has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Bank of America dropped their price target on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. Zacks Research downgraded PPG Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Finally, Evercore ISI reduced their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $123.18.

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.