Osaic Holdings Inc. Boosts Holdings in PPG Industries, Inc. $PPG

Osaic Holdings Inc. increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 52.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,237 shares of the specialty chemicals company’s stock after purchasing an additional 17,242 shares during the period. Osaic Holdings Inc.’s holdings in PPG Industries were worth $5,706,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Walnut Level Capital LLC increased its position in shares of PPG Industries by 46.8% during the second quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after buying an additional 20,000 shares during the period. Avior Wealth Management LLC boosted its position in PPG Industries by 8,828.7% during the 2nd quarter. Avior Wealth Management LLC now owns 8,393 shares of the specialty chemicals company’s stock valued at $955,000 after acquiring an additional 8,299 shares in the last quarter. Mather Group LLC. grew its holdings in shares of PPG Industries by 2.9% during the 2nd quarter. Mather Group LLC. now owns 125,616 shares of the specialty chemicals company’s stock worth $14,289,000 after acquiring an additional 3,551 shares during the period. Vest Financial LLC raised its position in shares of PPG Industries by 17.4% in the 2nd quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company’s stock worth $59,863,000 after acquiring an additional 78,022 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of PPG Industries in the 1st quarter valued at approximately $884,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Up 0.7%

Shares of NYSE PPG opened at $103.38 on Tuesday. The firm’s 50 day moving average price is $99.82 and its 200-day moving average price is $106.66. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $124.74. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. The company has a market cap of $23.20 billion, a PE ratio of 23.44, a P/E/G ratio of 2.82 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.04. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.06 billion. PPG Industries had a net margin of 6.35% and a return on equity of 23.61%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 earnings per share. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. On average, equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, November 10th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, November 10th. PPG Industries’s dividend payout ratio is presently 64.40%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PPG shares. Mizuho decreased their price objective on PPG Industries from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Zacks Research lowered shares of PPG Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $132.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their target price on shares of PPG Industries from $112.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Citigroup boosted their price target on PPG Industries from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PPG Industries presently has a consensus rating of “Hold” and an average price target of $122.54.

PPG Industries Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.