V Square Quantitative Management LLC Increases Position in PPG Industries, Inc. $PPG

V Square Quantitative Management LLC lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 6,051 shares of the specialty chemicals company’s stock after purchasing an additional 124 shares during the period. V Square Quantitative Management LLC’s holdings in PPG Industries were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Cheviot Value Management LLC purchased a new position in shares of PPG Industries in the first quarter valued at about $26,000. CVA Family Office LLC raised its stake 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 valued at $30,000 after purchasing an additional 113 shares during the period. Headlands Technologies LLC purchased a new position in PPG Industries in the 1st quarter worth approximately $30,000. Financial Connections Group Inc. boosted its stake 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 worth $38,000 after purchasing an additional 150 shares during the period. Finally, Bell Investment Advisors Inc grew its holdings in PPG Industries by 40.9% during the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Up 0.3%

Shares of PPG stock opened at $103.94 on Tuesday. The company has a market cap of $23.46 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $134.92. The stock’s 50 day simple moving average is $109.73 and its two-hundred day simple moving average is $109.65. 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 (NYSE:PPG) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Research analysts predict 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 paid a $0.71 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 11th. PPG Industries’s payout ratio is currently 64.40%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup upped their target price on shares of PPG Industries from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, June 13th. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Mizuho raised their price objective on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. UBS Group increased their price target on PPG Industries from $111.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company raised their price target on PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $129.82.

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.