Campbell & CO Investment Adviser LLC Invests $761,000 in PPG Industries, Inc. $PPG

Campbell & CO Investment Adviser LLC acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,243 shares of the specialty chemicals company’s stock, valued at approximately $761,000.

A number of other large investors also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC increased its position in shares of PPG Industries by 127.6% during the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC raised its position in PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Rothschild Investment LLC lifted its stake in PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 5,200 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $110.00, for a total value of $572,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at $3,128,290. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

PPG Industries Price Performance

Shares of PPG opened at $109.00 on Wednesday. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 3.28 and a beta of 1.17. The firm’s fifty day simple moving average is $102.41 and its 200-day simple moving average is $105.64. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $124.74. 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 (NYSE:PPG) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.09 by $0.04. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. PPG Industries’s revenue for the quarter was up 1.2% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. Equities analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.6%. PPG Industries’s payout ratio is presently 64.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho dropped their price objective on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Sanford C. Bernstein dropped their target price on PPG Industries from $129.00 to $123.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. BNP Paribas Exane cut their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Wells Fargo & Company lowered their price objective on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group dropped their price objective on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.86.

PPG Industries Company Profile

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.