PPG Industries, Inc. $PPG Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC cut its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 59.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235 shares of the specialty chemicals company’s stock after selling 341 shares during the period. Chilton Capital Management LLC’s holdings in PPG Industries were worth $27,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC raised its position 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 during the period. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries in the 1st quarter valued at $26,000. Headlands Technologies LLC acquired a new position in PPG Industries during the 1st quarter worth about $30,000. Gladwyn Financial Advisors Inc. purchased a new position in PPG Industries during the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. boosted its holdings 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 acquiring an additional 150 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Down 0.1%

Shares of NYSE:PPG opened at $103.43 on Monday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $130.05. The company’s 50 day moving average is $106.77 and its two-hundred day moving average is $109.02. The company has a market cap of $23.34 billion, a PE ratio of 23.45, a P/E/G ratio of 2.18 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 (NYSE:PPG) last issued 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 net margin of 6.25% and a return on equity of 23.85%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company’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. Equities analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of recent research reports. Wells Fargo & Company cut their price target on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Bank of America cut 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 note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. upgraded PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price objective on the stock in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.00.

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.