Columbia Advisory Partners LLC Buys Shares of 2,800 PPG Industries, Inc. $PPG

Key Points

• Columbia Advisory Partners LLC acquired a new stake in PPG Industries by purchasing 2,800 shares, valued at approximately $318,000 during the second quarter.
• Several institutional investors have increased their stakes in PPG Industries, with Wellington Management Group raising its stake by 5.6% and Price T Rowe Associates increasing theirs by 58.3% in the first quarter.
• PPG Industries recently announced a quarterly dividend of $0.71, up from $0.68, reflecting a dividend yield of 2.8%.

Columbia Advisory Partners LLC bought a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,800 shares of the specialty chemicals company's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Wellington Management Group LLP increased its stake in shares of PPG Industries by 5.6% during the 1st quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company's stock valued at $1,220,259,000 after acquiring an additional 592,152 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 1,766,518 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PPG Industries by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company's stock valued at $321,147,000 after acquiring an additional 105,973 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of PPG Industries by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company's stock valued at $298,992,000 after acquiring an additional 85,891 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of PPG Industries by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,174,762 shares of the specialty chemicals company's stock valued at $237,810,000 after acquiring an additional 60,301 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PPG shares. UBS Group dropped their target price on shares of PPG Industries from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday. Royal Bank Of Canada increased 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. Citigroup dropped their target price on shares of PPG Industries from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Monday. Mizuho dropped their target price 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PPG Industries in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, PPG Industries has a consensus rating of "Moderate Buy" and an average target price of $127.09.

PPG Industries Price Performance

Shares of PPG opened at $101.49 on Thursday. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.11 and a beta of 1.16. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $132.18. 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 business's 50-day moving average is $108.30 and its 200-day moving average is $109.26.

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

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, August 11th were issued a $0.71 dividend. The ex-dividend date was Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio is currently 64.40%.

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.

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