Stephens Inc. AR Sells 720 Shares of PPG Industries, Inc. $PPG

Stephens Inc. AR lowered its position in shares of PPG Industries, Inc. (NYSE:PPG) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,382 shares of the specialty chemicals company’s stock after selling 720 shares during the quarter. Stephens Inc. AR’s holdings in PPG Industries were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPG. Brighton Jones LLC raised its position in shares of PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares during the last quarter. GAMMA Investing LLC raised its position in shares of PPG Industries by 8.3% during the first quarter. GAMMA Investing LLC now owns 6,626 shares of the specialty chemicals company’s stock worth $725,000 after acquiring an additional 505 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of PPG Industries by 12.1% during the first quarter. Asset Management One Co. Ltd. now owns 102,778 shares of the specialty chemicals company’s stock worth $11,239,000 after acquiring an additional 11,130 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of PPG Industries by 966.3% during the first quarter. Golden State Wealth Management LLC now owns 885 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 802 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of PPG Industries by 1,456.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 215,696 shares of the specialty chemicals company’s stock worth $23,586,000 after acquiring an additional 201,841 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 0.1%

NYSE:PPG opened at $103.43 on Friday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $130.05. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.18 and a beta of 1.16. The stock has a 50-day moving average price of $106.77 and a two-hundred day moving average price of $108.86.

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

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s dividend payout ratio is currently 64.40%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PPG shares. JPMorgan Chase & Co. raised PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price objective for the company in a research note on Thursday, October 16th. UBS Group decreased their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research note on Wednesday, October 8th. Citigroup decreased their price objective 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 objective on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

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.