PPG Industries, Inc. $PPG Shares Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,947 shares of the specialty chemicals company’s stock after purchasing an additional 550 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in PPG Industries were worth $1,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPG. Brighton Jones LLC grew its stake in shares of PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC grew its stake in PPG Industries by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 6,626 shares of the specialty chemicals company’s stock valued at $725,000 after purchasing an additional 505 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in PPG Industries by 966.3% during the 1st quarter. Golden State Wealth Management LLC now owns 885 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 802 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in PPG Industries by 1,456.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 215,696 shares of the specialty chemicals company’s stock worth $23,586,000 after purchasing an additional 201,841 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in PPG Industries by 12.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 6,349 shares of the specialty chemicals company’s stock worth $694,000 after purchasing an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.1%

NYSE PPG opened at $103.43 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $130.05. The company has a 50-day simple moving average of $106.77 and a 200-day simple moving average of $108.98. The firm has a market capitalization of $23.34 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.16.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 company posted $2.50 earnings per share. PPG Industries’s revenue was down .9% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, equities analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s payout ratio is currently 64.40%.

Analyst Upgrades and Downgrades

PPG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price target for the company in a research report on Thursday, October 16th. Bank of America reduced their price objective on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Citigroup dropped 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 report on Monday, October 6th. Royal Bank Of Canada upped 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a research note on Wednesday, October 8th. One 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 company. According to MarketBeat.com, PPG Industries presently has a consensus 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.