B. Metzler seel. Sohn & Co. AG Sells 3,128 Shares of PPG Industries, Inc. $PPG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in PPG Industries by 16.8%, selling 3,128 shares, and now holds 15,520 shares valued at $1.7 million.
• PPG Industries reported quarterly earnings of $2.22 per share, meeting expectations, with revenues totaling $4.20 billion, slightly above the predicted $4.16 billion.
• The company has increased its quarterly dividend to $0.71 per share, reflecting a 2.6% yield, up from the previous dividend of $0.68.

B. Metzler seel. Sohn & Co. AG cut its stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 16.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,520 shares of the specialty chemicals company's stock after selling 3,128 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in PPG Industries were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPG. Price T Rowe Associates Inc. MD grew its holdings in shares of PPG Industries by 58.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company's stock valued at $524,627,000 after purchasing an additional 1,766,518 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of PPG Industries during the 1st quarter valued at approximately $127,152,000. Pzena Investment Management LLC bought a new stake in shares of PPG Industries during the 1st quarter valued at approximately $105,349,000. Nuveen LLC acquired a new stake in PPG Industries during the 1st quarter worth approximately $79,881,000. Finally, GAMMA Investing LLC boosted its position in PPG Industries by 11,737.2% during the 1st quarter. GAMMA Investing LLC now owns 724,553 shares of the specialty chemicals company's stock worth $79,230,000 after buying an additional 718,432 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Up 0.3%

Shares of NYSE PPG traded up $0.37 during midday trading on Thursday, reaching $109.56. The stock had a trading volume of 1,642,856 shares, compared to its average volume of 1,316,698. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The company's 50 day moving average price is $112.53 and its 200 day moving average price is $110.41. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.14.

PPG Industries (NYSE:PPG - Get Free Report) last released its earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $4.16 billion. During the same quarter in the previous year, the company earned $2.50 EPS. PPG Industries's quarterly 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, sell-side analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 11th. This is a boost from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio is presently 64.40%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho lifted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group lifted their target price on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their target price on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One research 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 company's stock. According to MarketBeat, PPG Industries currently has an average rating of "Moderate Buy" and an average target price 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.