Coppell Advisory Solutions LLC Buys 7,419 Shares of PPG Industries, Inc. $PPG

Key Points

• Coppell Advisory Solutions LLC significantly increased its holdings in PPG Industries by 185,475% during the first quarter, now owning 7,423 shares valued at $812,000.
• PPG Industries recently reported earnings of $2.22 per share for the quarter, meeting analysts' expectations, and had a revenue of $4.20 billion, slightly exceeding predictions.
• The company announced a quarterly dividend increase to $0.71 per share, representing a 2.5% annual yield and a dividend payout ratio of 64.40%.

Coppell Advisory Solutions LLC increased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 185,475.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,423 shares of the specialty chemicals company's stock after acquiring an additional 7,419 shares during the quarter. Coppell Advisory Solutions LLC's holdings in PPG Industries were worth $812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP increased its stake in PPG Industries by 5.6% in the first 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 purchasing an additional 592,152 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in PPG Industries by 58.3% in 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 buying an additional 1,766,518 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 worth $321,147,000 after buying an additional 105,973 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in PPG Industries by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company's stock worth $298,992,000 after acquiring an additional 85,891 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PPG Industries by 12.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,114,461 shares of the specialty chemicals company's stock valued at $252,572,000 after acquiring an additional 237,291 shares during the period. 81.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho increased their target price on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Royal Bank Of Canada raised their price objective on shares of PPG Industries from $115.00 to $117.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. UBS Group boosted 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. Citigroup raised their price target on shares of PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Finally, Wells Fargo & Company increased their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One equities 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.82.

PPG Industries Stock Performance

Shares of PPG Industries stock traded down $1.04 during trading hours on Friday, hitting $110.79. 1,552,318 shares of the company's stock traded hands, compared to its average volume of 1,437,477. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.31 and a beta of 1.14. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. 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 company has a fifty day simple moving average of $111.78 and a 200-day simple moving average of $110.17.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share for the quarter, meeting the consensus estimate of $2.22. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts anticipate 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. Shareholders of record on Monday, August 11th were given a dividend of $0.71 per share. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, August 11th. PPG Industries's dividend payout ratio (DPR) is 64.40%.

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.