PPG Industries, Inc. $PPG Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in PPG Industries, Inc. (NYSE:PPG) by 6.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 44,866 shares of the specialty chemicals company’s stock after selling 3,270 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PPG Industries were worth $5,104,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares in the last quarter. GAMMA Investing LLC grew its holdings in PPG Industries by 8.3% during the 1st quarter. GAMMA Investing LLC now owns 6,626 shares of the specialty chemicals company’s stock valued at $725,000 after purchasing an additional 505 shares in the last quarter. Amalgamated Bank grew its holdings in PPG Industries by 1.0% during the 1st quarter. Amalgamated Bank now owns 45,122 shares of the specialty chemicals company’s stock valued at $4,934,000 after purchasing an additional 440 shares in the last quarter. New York State Teachers Retirement System grew its holdings in PPG Industries by 3.8% during the 1st quarter. New York State Teachers Retirement System now owns 183,236 shares of the specialty chemicals company’s stock valued at $20,037,000 after purchasing an additional 6,772 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in PPG Industries during the 1st quarter valued at $84,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Down 0.2%

PPG stock opened at $105.24 on Wednesday. The firm’s 50-day simple moving average is $106.51 and its 200 day simple moving average is $109.09. 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 $23.75 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.16. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76.

PPG Industries (NYSE:PPG) last issued its quarterly 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. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. PPG Industries’s payout ratio is currently 64.40%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PPG shares. Mizuho lowered 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. Bank of America decreased their price target on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada raised their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised shares of PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price objective for the company in a report on Thursday, October 16th. Finally, Citigroup decreased their price objective on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Moderate Buy” and an average price target of $125.00.

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.