iSAM Funds UK Ltd Purchases New Holdings in PPG Industries, Inc. $PPG

iSAM Funds UK Ltd purchased a new stake in PPG Industries, Inc. (NYSE:PPG) in the second quarter, HoldingsChannel.com reports. The fund purchased 17,997 shares of the specialty chemicals company’s stock, valued at approximately $2,047,000.

Several other institutional investors also recently modified their holdings of PPG. Capital Advisors Ltd. LLC lifted its holdings 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 buying an additional 125 shares during the period. Headlands Technologies LLC bought a new stake in PPG Industries in the first quarter valued at approximately $30,000. Gladwyn Financial Advisors Inc. acquired a new stake in PPG Industries during the 2nd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC increased its holdings in PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 184 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Down 0.6%

Shares of PPG opened at $100.41 on Tuesday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $130.05. The firm has a market capitalization of $22.53 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.77 and a beta of 1.16. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $99.72 and its 200-day moving average price is $107.25.

PPG Industries (NYSE:PPG) last posted 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. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.06 billion. PPG Industries had a return on equity of 23.61% and a net margin of 6.35%.The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, November 10th. PPG Industries’s dividend payout ratio (DPR) is currently 64.40%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PPG shares. UBS Group reduced their price target on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Sanford C. Bernstein decreased their price objective on PPG Industries from $129.00 to $123.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Mizuho cut their price objective on shares of 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 lowered their price target on PPG Industries from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PPG Industries from $112.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PPG Industries currently has an average rating of “Hold” and an average price target of $122.54.

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.