Commerzbank Aktiengesellschaft FI Has $915,000 Stock Holdings in PPG Industries, Inc. $PPG

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 8.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 8,038 shares of the specialty chemicals company’s stock after buying an additional 649 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PPG Industries were worth $915,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PPG. Capital Advisors Ltd. LLC lifted its stake in 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 purchasing an additional 125 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in PPG Industries in the 1st quarter valued at about $26,000. CVA Family Office LLC lifted its stake in PPG Industries by 70.6% in 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 last quarter. Headlands Technologies LLC acquired a new stake in PPG Industries in the 1st quarter valued at about $30,000. Finally, Financial Connections Group Inc. lifted 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 valued at $38,000 after purchasing an additional 150 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PPG. Citigroup cut their target price on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 6th. 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 note on Friday, October 3rd. Royal Bank Of Canada raised their target price on shares of PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a report on Wednesday. Finally, UBS Group lowered their price target on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating on the stock in a 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.82.

PPG Industries Stock Down 1.2%

PPG Industries stock opened at $98.45 on Friday. The stock has a market cap of $22.22 billion, a P/E ratio of 22.32, a P/E/G ratio of 2.06 and a beta of 1.16. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $132.18. The company’s 50-day moving average price is $108.07 and its two-hundred day moving average price is $109.07.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.22. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $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 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were issued a dividend of $0.71 per share. 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 annualized dividend and a dividend yield of 2.9%. PPG Industries’s payout ratio is currently 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.