Gladwyn Financial Advisors Inc. Invests $31,000 in PPG Industries, Inc. $PPG

Gladwyn Financial Advisors Inc. acquired a new position in PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 269 shares of the specialty chemicals company’s stock, valued at approximately $31,000.

Several other hedge funds also recently made changes to their positions in the business. VELA Investment Management LLC acquired a new position in shares of PPG Industries in the 2nd quarter worth approximately $518,000. Applied Finance Capital Management LLC grew its stake in shares of PPG Industries by 2.1% in the 2nd quarter. Applied Finance Capital Management LLC now owns 5,821 shares of the specialty chemicals company’s stock worth $662,000 after purchasing an additional 121 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of PPG Industries by 4.8% in the 2nd quarter. Nordea Investment Management AB now owns 20,416 shares of the specialty chemicals company’s stock worth $2,324,000 after purchasing an additional 938 shares during the last quarter. Bridges Investment Management Inc. grew its stake in shares of PPG Industries by 12.2% in the 2nd quarter. Bridges Investment Management Inc. now owns 17,040 shares of the specialty chemicals company’s stock worth $1,938,000 after purchasing an additional 1,847 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of PPG Industries in the 2nd quarter worth approximately $144,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PPG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 target price for the company in a report on Thursday. UBS Group decreased their target price on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Mizuho decreased their target price on shares of PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Wells Fargo & Company decreased their target price on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $127.73.

PPG Industries Stock Performance

PPG stock opened at $101.55 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The stock has a market cap of $22.92 billion, a P/E ratio of 23.03, a P/E/G ratio of 2.14 and a beta of 1.16. The firm has a 50 day simple moving average of $107.49 and a 200 day simple moving average of $108.75. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $132.18.

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

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is presently 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.