PPG Industries, Inc. $PPG Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 14.0% in the second quarter, HoldingsChannel.com reports. The fund owned 12,595 shares of the specialty chemicals company’s stock after acquiring an additional 1,549 shares during the quarter. Savant Capital LLC’s holdings in PPG Industries were worth $1,433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PPG. Capital Advisors Ltd. LLC increased its position in shares of 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 buying an additional 125 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in PPG Industries in the 1st quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of PPG Industries during the 1st quarter valued at approximately $30,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. grew its position in PPG Industries by 74.6% in 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 in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Up 1.5%

PPG Industries stock opened at $97.37 on Thursday. The stock’s 50 day moving average price is $103.20 and its 200 day moving average price is $108.74. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $130.05. The company has a market cap of $21.85 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.47 and a quick ratio of 1.04.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating 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 the consensus estimate of $4.06 billion. During the same quarter last year, the company earned $2.13 earnings per share. PPG Industries’s quarterly revenue was up 1.2% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, November 10th. PPG Industries’s dividend payout ratio is 64.40%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Friday, October 31st. Mizuho dropped their price target on PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Evercore ISI decreased their price objective on PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday. Zacks Research lowered PPG Industries from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, UBS Group cut their price target on PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.18.

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.