Gladwyn Financial Advisors Inc. Acquires New Holdings in PPG Industries, Inc. $PPG

Gladwyn Financial Advisors Inc. acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 269 shares of the specialty chemicals company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently modified their holdings of PPG. Price T Rowe Associates Inc. MD raised its position in shares of PPG Industries by 58.3% in the first 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 purchasing an additional 1,766,518 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of PPG Industries in the first quarter valued at approximately $127,152,000. Pzena Investment Management LLC bought a new position in shares of PPG Industries in the first quarter valued at approximately $105,349,000. Nuveen LLC bought a new position in shares of PPG Industries in the first quarter valued at approximately $79,881,000. Finally, Wellington Management Group LLP raised its position in shares of PPG Industries by 5.6% in the first 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 purchasing an additional 592,152 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.5%

PPG opened at $101.55 on Friday. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $132.18. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The firm’s fifty day moving average price is $107.49 and its two-hundred day moving average price is $108.75. The company has a market capitalization of $22.92 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.14 and a beta of 1.16.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. The business’s revenue 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, analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. PPG Industries’s payout ratio is currently 64.40%.

Analysts Set New Price Targets

A number of research firms have recently commented on PPG. JPMorgan Chase & Co. raised shares of PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price target on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Wednesday, October 8th. Mizuho dropped their target price on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America dropped their target price on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company dropped their target price on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.73.

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.