Cwm LLC Has $1.76 Million Holdings in PPG Industries, Inc. $PPG

Key Points

• Cwm LLC increased its stake in PPG Industries by 25.7%, owning 15,469 shares valued at approximately $1.76 million as of the latest filing.
• Several financial institutions, such as Capital Advisors Ltd. LLC and Bell Investment Advisors Inc., have significantly raised their stakes in PPG Industries, contributing to institutional investors owning 81.86% of the stock.
• PPG Industries declared a quarterly dividend of $0.71 per share, with a payout ratio of 64.40%, marking an annualized yield of 2.8%.

Cwm LLC increased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 25.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,469 shares of the specialty chemicals company's stock after purchasing an additional 3,165 shares during the period. Cwm LLC's holdings in PPG Industries were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PPG. Capital Advisors Ltd. LLC boosted its stake in PPG Industries by 127.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 125 shares during the period. Cheviot Value Management LLC bought a new stake in PPG Industries during the 1st quarter worth about $26,000. Headlands Technologies LLC bought a new stake in PPG Industries during the 1st quarter worth about $30,000. Financial Connections Group Inc. lifted its position in PPG Industries by 74.6% during the 1st quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 150 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in PPG Industries by 40.9% during the 1st quarter. Bell Investment Advisors Inc now owns 355 shares of the specialty chemicals company's stock worth $39,000 after buying an additional 103 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on PPG. Bank of America cut their price target on shares of PPG Industries from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reissued a "hold (c)" rating on shares of PPG Industries in a research report on Wednesday, October 8th. UBS Group cut their price target on shares of PPG Industries from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Mizuho cut their price target on shares of PPG Industries from $135.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, October 3rd. Finally, Wells Fargo & Company cut their price target on shares of PPG Industries from $135.00 to $132.00 and set an "overweight" rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, PPG Industries has an average rating of "Moderate Buy" and a consensus price target of $127.73.

PPG Industries Stock Up 0.5%

Shares of PPG stock opened at $101.55 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. The firm's 50-day moving average is $107.49 and its 200-day moving average is $108.79. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.14 and a beta of 1.16. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $132.18.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $2.22. The company had revenue of $4.20 billion for the quarter, compared to analysts' expectations of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. PPG Industries's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, November 10th will be paid a $0.71 dividend. The ex-dividend date is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. PPG Industries's dividend payout ratio is 64.40%.

PPG Industries Company 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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