Bill Few Associates Inc. Has $1.01 Million Stake in PPG Industries, Inc. $PPG

Bill Few Associates Inc. increased its stake in shares of PPG Industries, Inc. (NYSE:PPGFree Report) by 2.3% during the second quarter, HoldingsChannel.com reports. The fund owned 8,848 shares of the specialty chemicals company’s stock after purchasing an additional 198 shares during the period. Bill Few Associates Inc.’s holdings in PPG Industries were worth $1,006,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Advisors Ltd. LLC increased its holdings in shares of PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in PPG Industries in the 1st quarter valued at approximately $26,000. CVA Family Office LLC grew its holdings in PPG Industries by 70.6% in the 1st quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 113 shares during the last quarter. Headlands Technologies LLC acquired a new stake in PPG Industries in the 1st quarter valued at approximately $30,000. Finally, Financial Connections Group Inc. grew its holdings in PPG Industries by 74.6% in the 1st quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PPG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on PPG Industries from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup lowered their target price on PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Mizuho lowered their target price on PPG Industries from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Royal Bank Of Canada raised their target price on PPG Industries from $115.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, PPG Industries has an average rating of “Moderate Buy” and an average target price of $126.82.

Check Out Our Latest Research Report on PPG

PPG Industries Price Performance

PPG Industries stock opened at $98.45 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The company has a market capitalization of $22.22 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $132.18. The business has a 50 day simple moving average of $108.07 and a 200 day simple moving average of $109.06.

PPG Industries (NYSE:PPGGet Free Report) last posted its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, hitting the consensus estimate of $2.22. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.16 billion. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.PPG Industries’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, sell-side analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 11th were given a dividend of $0.71 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, August 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.9%. PPG Industries’s dividend payout ratio is 64.40%.

PPG Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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