Vanguard Personalized Indexing Management LLC Boosts Stock Position in PPG Industries, Inc. $PPG

Vanguard Personalized Indexing Management LLC increased its stake in PPG Industries, Inc. (NYSE:PPG) by 35.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,371 shares of the specialty chemicals company’s stock after buying an additional 6,144 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PPG Industries were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in shares of PPG Industries by 127.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 125 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries in the 1st quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of PPG Industries in the 1st quarter worth approximately $30,000. Financial Connections Group Inc. boosted its stake in PPG Industries by 74.6% during the 1st 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 during the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in shares of PPG Industries by 40.9% in the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock worth $39,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. UBS Group decreased their price target on PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Mizuho decreased their price target 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. Citigroup decreased their price target on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, Bank of America decreased their price target on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.09.

PPG Industries Price Performance

NYSE PPG opened at $99.39 on Thursday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $132.18. The business’s fifty day moving average price is $107.70 and its 200-day moving average price is $108.87. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.09 and a beta of 1.16. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04.

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

About PPG Industries

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.