PPG Industries, Inc. $PPG Shares Acquired by Diversified Trust Co

Diversified Trust Co increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,269 shares of the specialty chemicals company’s stock after buying an additional 128 shares during the period. Diversified Trust Co’s holdings in PPG Industries were worth $5,263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries during the 4th quarter valued at $26,000. Cheviot Value Management LLC purchased a new stake in PPG Industries during the 1st quarter worth $26,000. CVA Family Office LLC increased its position in shares of PPG Industries by 70.6% in the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 113 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of PPG Industries in the 1st quarter worth about $30,000. Finally, Financial Connections Group Inc. grew its position in shares of 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 buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG opened at $109.48 on Friday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The firm has a market capitalization of $24.71 billion, a PE ratio of 24.82, a P/E/G ratio of 2.25 and a beta of 1.14. The company has a fifty day moving average price of $110.92 and a two-hundred day moving average price of $110.05.

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

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, August 11th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a dividend yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PPG. UBS Group upped their price target on shares of PPG Industries from $111.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Citigroup raised their price objective on shares of PPG Industries from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Wells Fargo & Company upped their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Mizuho upped their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada increased their target price on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.