Boston Trust Walden Corp Cuts Stock Holdings in PPG Industries, Inc. $PPG

Boston Trust Walden Corp decreased its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 8.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,280 shares of the specialty chemicals company’s stock after selling 560 shares during the period. Boston Trust Walden Corp’s holdings in PPG Industries were worth $714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advisors Ltd. LLC grew its position in PPG Industries by 127.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 125 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries in the 1st quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in shares of PPG Industries in the 1st quarter valued at $30,000. Financial Connections Group Inc. lifted its stake in shares of 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 purchasing an additional 150 shares during the period. Finally, Bell Investment Advisors Inc lifted its stake in shares of PPG Industries by 40.9% in the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 1.1%

Shares of NYSE:PPG opened at $99.39 on Thursday. The firm’s 50 day moving average price is $107.70 and its 200 day moving average price is $108.87. The stock has a market cap of $22.43 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.16. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $132.18. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting the consensus estimate of $2.22. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.50 earnings per share. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PPG has been the subject of a number of research reports. Citigroup dropped their target price on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating for the company in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Friday, October 10th. UBS Group dropped their price objective on shares of PPG Industries from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Bank of America dropped their price objective on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.09.

About PPG Industries

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.