Commerzbank Aktiengesellschaft FI Acquires 649 Shares of PPG Industries, Inc. $PPG

Commerzbank Aktiengesellschaft FI raised its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,038 shares of the specialty chemicals company’s stock after acquiring an additional 649 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in PPG Industries were worth $915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in shares of PPG Industries by 5.6% during the 1st quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company’s stock valued at $1,220,259,000 after acquiring an additional 592,152 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of PPG Industries by 58.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company’s stock valued at $524,627,000 after buying an additional 1,766,518 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of PPG Industries by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company’s stock valued at $321,147,000 after buying an additional 105,973 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of PPG Industries by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after buying an additional 85,891 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of PPG Industries by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,174,762 shares of the specialty chemicals company’s stock valued at $237,810,000 after buying an additional 60,301 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG stock opened at $98.45 on Friday. The stock has a 50-day moving average price of $108.07 and a two-hundred day moving average price of $109.07. The stock has a market cap of $22.22 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.06 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $132.18.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.22. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.16 billion. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.68. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Wall Street Analyst Weigh In

PPG has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Mizuho decreased their price target on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. UBS Group decreased their price target on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Citigroup reduced their target price on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average price target of $126.82.

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.