4,276 Shares in PPG Industries, Inc. $PPG Bought by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,276 shares of the specialty chemicals company’s stock, valued at approximately $486,000.

Other hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC raised its holdings in shares of PPG Industries by 311.2% in the 1st quarter. Meridian Wealth Management LLC now owns 7,665 shares of the specialty chemicals company’s stock worth $838,000 after purchasing an additional 5,801 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in PPG Industries by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,482 shares of the specialty chemicals company’s stock worth $54,060,000 after buying an additional 48,177 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in PPG Industries by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock worth $298,992,000 after buying an additional 85,891 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of PPG Industries by 72.5% in the first quarter. Jefferies Financial Group Inc. now owns 8,194 shares of the specialty chemicals company’s stock valued at $896,000 after buying an additional 3,443 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of PPG Industries by 8,828.7% during the 2nd quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock worth $955,000 after acquiring an additional 8,299 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $94.42 on Thursday. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $130.05. 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 stock has a market cap of $21.19 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.19. The company has a 50 day moving average of $101.82 and a 200 day moving average of $108.36.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.09 by $0.04. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 24.17%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, sell-side analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

Analyst Upgrades and Downgrades

PPG has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Zacks Research cut shares of PPG Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Mizuho cut their price objective 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. Bank of America reduced their price objective on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PPG Industries has an average rating of “Hold” and an average target price of $123.18.

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.