PPG Industries, Inc. $PPG Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its position in PPG Industries, Inc. (NYSE:PPGFree Report) by 9.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,071 shares of the specialty chemicals company’s stock after selling 402 shares during the quarter. Axxcess Wealth Management LLC’s holdings in PPG Industries were worth $463,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 339 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of PPG Industries by 8.3% in the first quarter. GAMMA Investing LLC now owns 6,626 shares of the specialty chemicals company’s stock worth $725,000 after buying an additional 505 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of PPG Industries in the first quarter worth $242,000. QRG Capital Management Inc. raised its holdings in shares of PPG Industries by 1.4% in the first quarter. QRG Capital Management Inc. now owns 11,803 shares of the specialty chemicals company’s stock worth $1,291,000 after buying an additional 159 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of PPG Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 27,187 shares of the specialty chemicals company’s stock worth $2,972,000 after buying an additional 730 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PPG has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target 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. Bank of America decreased their price target on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank Of Canada raised their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. UBS Group decreased their price target 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, Citigroup reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.73.

Get Our Latest Stock Report on PPG

PPG Industries Trading Up 0.5%

Shares of PPG Industries stock opened at $101.55 on Friday. 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 firm has a fifty day moving average price of $107.49 and a 200 day moving average price of $108.76. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $132.18. The stock has a market cap of $22.92 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.16.

PPG Industries (NYSE:PPGGet Free Report) last released its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, meeting the consensus estimate of $2.22. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business earned $2.50 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 annualized dividend and a dividend yield of 2.8%. PPG Industries’s dividend payout ratio (DPR) is 64.40%.

PPG Industries Company 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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