Evergreen Capital Management LLC Has $519,000 Holdings in PPG Industries, Inc. $PPG

Evergreen Capital Management LLC decreased its holdings in PPG Industries, Inc. (NYSE:PPG) by 86.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,938 shares of the specialty chemicals company’s stock after selling 30,353 shares during the period. Evergreen Capital Management LLC’s holdings in PPG Industries were worth $519,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CFO Vincent J. Morales sold 5,200 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $110.00, for a total transaction of $572,000.00. Following the transaction, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,128,290. The trade was a 15.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG opened at $112.45 on Thursday. The company has a market capitalization of $25.23 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $124.74. The company’s fifty day moving average price is $102.72 and its 200 day moving average price is $105.69.

PPG Industries (NYSE:PPG) last issued 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. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the business posted $2.13 earnings per share. The firm’s revenue 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. As a group, analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is currently 64.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PPG shares. 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 research note on Monday, November 24th. JPMorgan Chase & Co. increased their price objective on PPG Industries from $112.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Berenberg Bank reduced their target price 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. UBS Group decreased their target price 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. Finally, Citigroup raised their price target on shares of PPG Industries from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.