Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $924,000 Stake in PPG Industries, Inc. $PPG

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,121 shares of the specialty chemicals company’s stock after selling 850 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in PPG Industries were worth $924,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of PPG Industries by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 249,755 shares of the specialty chemicals company’s stock valued at $27,311,000 after acquiring an additional 1,697 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of PPG Industries during the 1st quarter valued at $240,000. Principal Financial Group Inc. boosted its holdings in shares of PPG Industries by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 302,962 shares of the specialty chemicals company’s stock valued at $33,129,000 after acquiring an additional 12,650 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in PPG Industries by 311.2% during the 1st quarter. Meridian Wealth Management LLC now owns 7,665 shares of the specialty chemicals company’s stock worth $838,000 after buying an additional 5,801 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in PPG Industries by 966.3% during the 1st quarter. Golden State Wealth Management LLC now owns 885 shares of the specialty chemicals company’s stock worth $97,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

PPG has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Wells Fargo & Company cut 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, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th. Citigroup cut 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. Finally, Bank of America cut their target price on PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

PPG Industries Stock Down 0.1%

Shares of NYSE:PPG opened at $103.43 on Monday. The company has a market capitalization of $23.34 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.18 and a beta of 1.16. 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 business’s 50-day moving average is $106.77 and its 200-day moving average is $109.02. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $130.05.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.22. The company had revenue of $4.20 billion for 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%.The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

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

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.