Intrua Financial LLC Sells 1,055 Shares of PPG Industries, Inc. $PPG

Intrua Financial LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,913 shares of the specialty chemicals company’s stock after selling 1,055 shares during the period. Intrua Financial LLC’s holdings in PPG Industries were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PPG. Capital Advisors Ltd. LLC grew 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 purchasing an additional 125 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of PPG Industries during the first quarter worth $26,000. Gladwyn Financial Advisors Inc. acquired a new position in shares of PPG Industries during the second quarter worth $31,000. Headlands Technologies LLC bought a new position in shares of PPG Industries in the 1st quarter valued at $30,000. Finally, Addison Advisors LLC grew its position in PPG Industries by 1,515.8% during the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 288 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of a number of recent research reports. Zacks Research lowered PPG Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. UBS Group cut their target price on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Citigroup reduced their target price on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company dropped their price target on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Bank of America reduced their price objective 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. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and an average target price of $123.18.

PPG Industries Stock Performance

Shares of PPG opened at $97.04 on Friday. 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 firm’s fifty day simple moving average is $102.72 and its two-hundred day simple moving average is $108.63. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $130.05. The stock has a market capitalization of $21.78 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share (EPS) 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 company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the business earned $2.13 EPS. The firm’s 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. As a group, analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be paid a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 annualized dividend and a dividend yield of 2.9%. PPG Industries’s payout ratio is currently 64.40%.

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.