Creative Planning Raises Stock Holdings in PPG Industries, Inc. $PPG

Creative Planning boosted its stake in PPG Industries, Inc. (NYSE:PPG) by 25.6% during the second quarter, HoldingsChannel reports. The firm owned 76,347 shares of the specialty chemicals company’s stock after buying an additional 15,548 shares during the period. Creative Planning’s holdings in PPG Industries were worth $8,684,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares in the last quarter. Private Advisor Group LLC raised its position in PPG Industries by 4.0% during the first quarter. Private Advisor Group LLC now owns 9,823 shares of the specialty chemicals company’s stock valued at $1,074,000 after purchasing an additional 375 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in PPG Industries by 5.2% during the first quarter. Kestra Private Wealth Services LLC now owns 14,135 shares of the specialty chemicals company’s stock valued at $1,546,000 after purchasing an additional 703 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in PPG Industries by 30.1% during the first quarter. J.W. Cole Advisors Inc. now owns 16,501 shares of the specialty chemicals company’s stock worth $1,804,000 after purchasing an additional 3,816 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of PPG Industries by 3.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,923 shares of the specialty chemicals company’s stock worth $1,960,000 after purchasing an additional 669 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $94.83 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.47 and a quick ratio of 1.04. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $130.05. The business’s 50 day simple moving average is $102.11 and its two-hundred day simple moving average is $108.46. The stock has a market capitalization of $21.28 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.04. PPG Industries had a return on equity of 24.17% and a net margin of 6.35%.The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business’s quarterly revenue 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. Analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be given a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.0%. PPG Industries’s payout ratio is presently 64.40%.

Analyst Ratings Changes

A number of analysts recently weighed in on PPG shares. Mizuho dropped their target price on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a research report 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 on the stock in a research note on Tuesday, October 14th. Zacks Research cut shares of PPG Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. raised shares of PPG Industries from a “neutral” rating to an “overweight” rating and set a $112.00 price target for the company in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.