Aberdeen Group plc Has $27.79 Million Position in PPG Industries, Inc. $PPG

Aberdeen Group plc boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,163 shares of the specialty chemicals company’s stock after buying an additional 16,389 shares during the period. Aberdeen Group plc owned approximately 0.11% of PPG Industries worth $27,792,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. 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 purchasing an additional 125 shares in the last quarter. Cheviot Value Management LLC bought a new stake in PPG Industries in the first quarter valued at approximately $26,000. CVA Family Office LLC increased its stake in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 113 shares in the last quarter. Headlands Technologies LLC bought a new stake in PPG Industries in the first quarter valued at approximately $30,000. Finally, Financial Connections Group Inc. increased its stake in PPG Industries by 74.6% in the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research note on Wednesday, October 8th. Citigroup lowered their price objective on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. UBS Group lowered their price objective on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Wells Fargo & Company lowered their price objective on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.82.

PPG Industries Stock Up 0.4%

PPG Industries stock opened at $98.83 on Tuesday. The company has a market cap of $22.31 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $132.18. The company has a fifty day simple moving average of $107.95 and a 200 day simple moving average of $109.00. 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 (NYSE:PPG) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.22. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Monday, August 11th were paid a $0.71 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 11th. PPG Industries’s dividend payout ratio is 64.40%.

PPG Industries 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.