M.E. Allison & CO. Inc. Has $377,000 Holdings in PPG Industries, Inc. $PPG

M.E. Allison & CO. Inc. decreased its position in PPG Industries, Inc. (NYSE:PPG) by 4.3% in the second quarter, HoldingsChannel reports. The firm owned 3,310 shares of the specialty chemicals company’s stock after selling 150 shares during the period. M.E. Allison & CO. Inc.’s holdings in PPG Industries were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of PPG Industries by 127.6% in the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 125 shares in the last quarter. Cheviot Value Management LLC acquired a new position in PPG Industries during the first quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in PPG Industries in the 1st quarter worth about $30,000. CVA Family Office LLC boosted its position in PPG Industries by 70.6% during the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 113 shares during the period. Finally, Financial Connections Group Inc. grew its stake in PPG Industries by 74.6% during the 1st 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 in the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PPG has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a research report on Wednesday, October 8th. Mizuho cut their target price on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company lowered their price target on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday. Royal Bank Of Canada upped their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Finally, Citigroup reduced their price objective 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and an average price target of $126.82.

PPG Industries Stock Performance

Shares of PPG opened at $98.45 on Monday. The company has a market capitalization of $22.22 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $132.18. The company’s fifty day moving average price is $108.07 and its 200 day moving average price is $109.06.

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

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, August 11th were issued a $0.71 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. PPG Industries’s payout ratio is 64.40%.

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.