Global Retirement Partners LLC Buys Shares of 3,646 PPG Industries, Inc. $PPG

Global Retirement Partners LLC purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,646 shares of the specialty chemicals company’s stock, valued at approximately $415,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of PPG Industries by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after acquiring an additional 192,560 shares in the last quarter. Wellington Management Group LLP boosted its position in PPG Industries by 5.6% during the first quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company’s stock worth $1,220,259,000 after purchasing an additional 592,152 shares during the period. First Eagle Investment Management LLC raised its position in shares of PPG Industries by 21.2% in the second quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company’s stock valued at $632,482,000 after purchasing an additional 971,799 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of PPG Industries by 58.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company’s stock worth $524,627,000 after buying an additional 1,766,518 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of PPG Industries by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company’s stock worth $321,147,000 after buying an additional 105,973 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of PPG stock opened at $100.04 on Friday. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $130.05. The company has a market capitalization of $22.45 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.13 and a beta of 1.19. The stock has a 50 day moving average of $100.29 and a two-hundred day moving average of $107.80. The company has a current ratio of 1.47, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a return on equity of 24.17% and a net margin of 6.35%.PPG Industries’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is presently 64.40%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research analyst reports. Zacks Research lowered shares of PPG Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Bank of America cut their price objective on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their target price on PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Citigroup dropped their price target on PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, Sanford C. Bernstein cut their price target on PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $123.58.

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.