Mutual of America Capital Management LLC Has $2.96 Million Stock Holdings in PPG Industries, Inc. $PPG

Mutual of America Capital Management LLC cut its position in PPG Industries, Inc. (NYSE:PPG) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,029 shares of the specialty chemicals company’s stock after selling 947 shares during the period. Mutual of America Capital Management LLC’s holdings in PPG Industries were worth $2,961,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PPG. Capital Advisors Ltd. LLC grew its stake in shares of PPG Industries by 127.6% in the 2nd 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 position in PPG Industries in the 1st quarter valued at about $26,000. Headlands Technologies LLC bought a new position in PPG Industries in the 1st quarter valued at about $30,000. Financial Connections Group Inc. lifted its position in PPG Industries by 74.6% in 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. Finally, Bell Investment Advisors Inc lifted its position in PPG Industries by 40.9% in the 1st 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 in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Price Performance

PPG Industries stock opened at $103.43 on Friday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $130.05. The company’s 50 day moving average price is $106.77 and its two-hundred day moving average price is $108.86. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76. The stock has a market cap of $23.34 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.18 and a beta of 1.16.

PPG Industries (NYSE:PPG) last posted its 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 net margin of 6.25% and a return on equity of 23.85%. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the firm earned $2.50 EPS. The company’s quarterly 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 predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, November 10th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is presently 64.40%.

Analyst Ratings Changes

Several brokerages recently weighed in on PPG. Wells Fargo & Company dropped their price target on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Citigroup dropped their price target on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Royal Bank Of Canada raised their price target on shares of PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Wednesday, October 8th. Finally, Bank of America dropped their price target on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.00.

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.