Vanguard Personalized Indexing Management LLC Buys 6,144 Shares of PPG Industries, Inc. $PPG

Vanguard Personalized Indexing Management LLC increased its stake in PPG Industries, Inc. (NYSE:PPG) by 35.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,371 shares of the specialty chemicals company’s stock after acquiring an additional 6,144 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in PPG Industries were worth $2,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of PPG Industries by 5.6% in the 1st quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company’s stock valued at $1,220,259,000 after acquiring an additional 592,152 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in PPG Industries by 58.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company’s stock valued at $524,627,000 after purchasing an additional 1,766,518 shares during the last quarter. Dimensional Fund Advisors LP raised its position in PPG Industries by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company’s stock valued at $321,147,000 after purchasing an additional 105,973 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in PPG Industries by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after purchasing an additional 85,891 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in PPG Industries by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,174,762 shares of the specialty chemicals company’s stock valued at $237,810,000 after purchasing an additional 60,301 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 1.1%

Shares of NYSE:PPG opened at $99.39 on Thursday. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $132.18. The firm has a market capitalization of $22.43 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.09 and a beta of 1.16. The stock has a 50 day moving average price of $107.70 and a 200-day moving average price of $108.87. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The business’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. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on PPG. 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 research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. UBS Group lowered their price target on PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, 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 research report on Tuesday. One 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. According to data from MarketBeat.com, PPG Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.09.

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.