Strs Ohio Purchases 29,031 Shares of PPG Industries, Inc. $PPG

Strs Ohio raised its position in PPG Industries, Inc. (NYSE:PPG) by 30.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,434 shares of the specialty chemicals company’s stock after buying an additional 29,031 shares during the quarter. Strs Ohio owned about 0.06% of PPG Industries worth $13,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPG. Capital Advisors Ltd. LLC increased its stake in PPG Industries by 127.6% in 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. bought a new position in shares of PPG Industries in the 3rd quarter valued at $26,000. Gladwyn Financial Advisors Inc. acquired a new position in shares of PPG Industries during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of PPG Industries by 100.7% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 137 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 184 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 1.5%

Shares of NYSE PPG opened at $112.20 on Monday. The firm has a 50 day moving average price of $103.33 and a two-hundred day moving average price of $105.55. The stock has a market cap of $25.18 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.32 and a beta of 1.17. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $124.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.04. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. PPG Industries’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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 forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The business 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Insider Activity 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 sale, the chief financial officer directly owned 28,439 shares in the company, valued at $3,128,290. This represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PPG shares. Bank of America lowered their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. 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 report on Thursday, December 4th. UBS Group cut their target price on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. BNP Paribas Exane decreased their target price 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.