PPG Industries, Inc. $PPG Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC cut its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,745 shares of the specialty chemicals company’s stock after selling 330 shares during the quarter. BLB&B Advisors LLC’s holdings in PPG Industries were worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC purchased a new stake in shares of PPG Industries during the second quarter worth approximately $471,000. Strs Ohio increased its stake in shares of PPG Industries by 26.8% during the second quarter. Strs Ohio now owns 96,403 shares of the specialty chemicals company’s stock worth $10,966,000 after buying an additional 20,403 shares during the period. Assetmark Inc. increased its stake in shares of PPG Industries by 38.1% during the second quarter. Assetmark Inc. now owns 21,023 shares of the specialty chemicals company’s stock worth $2,391,000 after buying an additional 5,796 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of PPG Industries during the second quarter worth approximately $220,000. Finally, Arkadios Wealth Advisors increased its stake in shares of PPG Industries by 8.8% during the second quarter. Arkadios Wealth Advisors now owns 3,826 shares of the specialty chemicals company’s stock worth $435,000 after buying an additional 309 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

Shares of PPG opened at $97.34 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a market cap of $21.97 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16. The company’s 50 day simple moving average is $105.97 and its 200-day simple moving average is $108.99. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $130.05.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.04. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 24.17%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group cut their target price on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America lowered their price target on PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Citigroup lowered their price target on PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a report on Monday, October 6th. Mizuho lowered their price target on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Royal Bank Of Canada upped their price target on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, PPG Industries currently has an average rating of “Moderate Buy” and an average target price of $124.30.

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.