Vise Technologies Inc. Makes New $304,000 Investment in PPG Industries, Inc. $PPG

Vise Technologies Inc. purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,669 shares of the specialty chemicals company’s stock, valued at approximately $304,000.

Several other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of PPG Industries by 8.9% in the 2nd quarter. Allworth Financial LP now owns 3,580 shares of the specialty chemicals company’s stock valued at $407,000 after buying an additional 292 shares during the period. Addison Advisors LLC boosted its holdings in PPG Industries by 1,515.8% in the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 288 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in PPG Industries by 555.6% in the second quarter. Illinois Municipal Retirement Fund now owns 104,254 shares of the specialty chemicals company’s stock worth $11,859,000 after purchasing an additional 88,352 shares during the period. ProShare Advisors LLC raised its holdings in PPG Industries by 12.5% during the 2nd quarter. ProShare Advisors LLC now owns 1,601,445 shares of the specialty chemicals company’s stock worth $182,164,000 after purchasing an additional 178,210 shares during the last quarter. Finally, Midwest Trust Co bought a new stake in PPG Industries during the 2nd quarter worth about $440,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $96.62 on Monday. The stock’s fifty day simple moving average is $102.72 and its 200 day simple moving average is $108.66. The company has a current ratio of 1.47, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $21.68 billion, a PE ratio of 22.00, a PEG ratio of 2.13 and a beta of 1.19. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $130.05.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $2.13 earnings per share. The company’s revenue for the quarter 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, research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.9%. PPG Industries’s payout ratio is presently 64.40%.

Analyst Ratings Changes

PPG has been the subject of several analyst reports. Evercore ISI lowered their price target on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Bank of America dropped their target price 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. Wells Fargo & Company reduced their price target on PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Mizuho decreased 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.18.

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.