PPG Industries, Inc. $PPG Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,982 shares of the specialty chemicals company’s stock after purchasing an additional 8,713 shares during the quarter. Diversified Trust Co’s holdings in PPG Industries were worth $5,779,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Walnut Level Capital LLC raised its holdings in PPG Industries by 46.8% in the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after acquiring an additional 20,000 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of PPG Industries by 8,828.7% in the second quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock valued at $955,000 after purchasing an additional 8,299 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of PPG Industries in the first quarter valued at $884,000. Mather Group LLC. lifted its position in PPG Industries by 2.9% during the second quarter. Mather Group LLC. now owns 125,616 shares of the specialty chemicals company’s stock worth $14,289,000 after buying an additional 3,551 shares during the period. Finally, Vest Financial LLC boosted its stake in PPG Industries by 17.4% in the 2nd quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company’s stock worth $59,863,000 after buying an additional 78,022 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. UBS Group dropped their price target on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Mizuho decreased their price target on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Berenberg Bank lowered their price objective on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. Finally, Evercore ISI cut their target price on PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PPG Industries has an average rating of “Hold” and an average target price of $122.54.

PPG Industries Stock Performance

NYSE:PPG opened at $104.36 on Tuesday. The firm’s fifty day simple moving average is $100.10 and its 200 day simple moving average is $106.32. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $124.74. The firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.86 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.04. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, November 10th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is presently 64.40%.

About PPG Industries

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.