Greenland Capital Management LP Invests $486,000 in PPG Industries, Inc. $PPG

Greenland Capital Management LP bought a new position in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,276 shares of the specialty chemicals company’s stock, valued at approximately $486,000.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares in the last quarter. Private Advisor Group LLC lifted its stake in PPG Industries by 4.0% in the first quarter. Private Advisor Group LLC now owns 9,823 shares of the specialty chemicals company’s stock worth $1,074,000 after purchasing an additional 375 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in PPG Industries by 5.2% in the first quarter. Kestra Private Wealth Services LLC now owns 14,135 shares of the specialty chemicals company’s stock worth $1,546,000 after purchasing an additional 703 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in PPG Industries by 30.1% during the first quarter. J.W. Cole Advisors Inc. now owns 16,501 shares of the specialty chemicals company’s stock valued at $1,804,000 after buying an additional 3,816 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of PPG Industries by 3.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,923 shares of the specialty chemicals company’s stock valued at $1,960,000 after buying an additional 669 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.4%

NYSE PPG opened at $94.42 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.47. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $130.05. The stock has a market cap of $21.19 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The stock has a 50 day simple moving average of $101.82 and a two-hundred day simple moving average of $108.36.

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

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s dividend payout ratio is presently 64.40%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 target price for the company in a research note on Thursday, October 16th. Bank of America decreased their price target on 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 research report on Friday, October 31st. Mizuho dropped their price objective 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. Finally, Wells Fargo & Company decreased their target price on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $123.18.

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.