DHJJ Financial Advisors Ltd. Buys New Shares in PPG Industries, Inc. $PPG

DHJJ Financial Advisors Ltd. bought a new stake in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,000 shares of the specialty chemicals company’s stock, valued at approximately $114,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new position in PPG Industries in the first quarter valued at $26,000. CVA Family Office LLC increased its stake in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 113 shares during the last quarter. Headlands Technologies LLC acquired a new stake in PPG Industries during the first quarter worth about $30,000. Financial Connections Group Inc. increased its stake in PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its stake in PPG Industries by 40.9% during the first quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock worth $39,000 after acquiring an additional 103 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PPG shares. Wells Fargo & Company upped their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a research note on Saturday, September 27th. Royal Bank Of Canada upped their price target on PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Mizuho dropped their price target on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday. Finally, UBS Group upped their price target on PPG Industries from $111.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.91.

PPG Industries Price Performance

Shares of NYSE PPG opened at $104.36 on Friday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $132.18. The business has a 50-day moving average of $108.83 and a 200-day moving average of $109.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The company has a market capitalization of $23.55 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.17 and a beta of 1.16.

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

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 11th were issued a $0.71 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 11th. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

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.