Focus Partners Wealth Decreases Holdings in PPG Industries, Inc. $PPG

Focus Partners Wealth decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,775 shares of the specialty chemicals company’s stock after selling 102 shares during the period. Focus Partners Wealth’s holdings in PPG Industries were worth $2,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in shares of PPG Industries in the fourth quarter worth $26,000. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries during the first quarter worth about $26,000. CVA Family Office LLC increased its stake in shares of PPG Industries by 70.6% during the first 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of PPG Industries during the first quarter worth about $30,000. Finally, Financial Connections Group Inc. boosted its position in PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. UBS Group upped their target price 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. 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 research report on Friday, August 1st. Wells Fargo & Company upped their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Citigroup upped their target price on shares of PPG Industries from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 13th. One research 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 MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus price target of $129.82.

PPG Industries Stock Performance

NYSE:PPG opened at $108.35 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $111.48 and a two-hundred day moving average price of $110.08. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The company has a market capitalization of $24.45 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (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 company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same period last year, the company earned $2.50 EPS. The firm’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. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, August 11th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Monday, August 11th. PPG Industries’s dividend payout ratio is presently 64.40%.

About PPG Industries

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.