Landscape Capital Management L.L.C. Makes New $1.30 Million Investment in PPG Industries, Inc. $PPG

Key Points

• Landscape Capital Management L.L.C. purchased 11,915 shares of PPG Industries, Inc., valued at approximately $1,303,000, during the first quarter, indicating a growing interest from institutional investors.
• PPG Industries' quarterly earnings met consensus estimates at $2.22 EPS, with total revenue of $4.20 billion, slightly above expectations of $4.16 billion.
• The company has increased its quarterly dividend from $0.68 to $0.71, representing an annualized yield of 2.6% with a current payout ratio of 64.40%.

Landscape Capital Management L.L.C. purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,915 shares of the specialty chemicals company's stock, valued at approximately $1,303,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in shares of PPG Industries during the fourth quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries during the first quarter worth about $26,000. CVA Family Office LLC grew its position in shares of PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 113 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of PPG Industries during the first quarter worth about $30,000. Finally, Financial Connections Group Inc. grew its position in shares of PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company's stock worth $38,000 after purchasing an additional 150 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Down 1.5%

Shares of NYSE:PPG traded down $1.70 on Tuesday, reaching $109.53. The company had a trading volume of 1,788,059 shares, compared to its average volume of 2,030,741. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $137.24. The firm's 50 day simple moving average is $112.79 and its 200-day simple moving average is $110.48. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $24.72 billion, a PE ratio of 24.84, a PEG ratio of 2.30 and a beta of 1.14.

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

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 11th. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is currently 64.40%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Mizuho raised their price objective on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised their price target on PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. UBS Group raised their price target on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company raised their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $129.82.

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.