Dimensional Fund Advisors LP Acquires 105,973 Shares of PPG Industries, Inc. $PPG

Key Points

• Dimensional Fund Advisors LP increased its holdings in PPG Industries by 3.7% after acquiring 105,973 shares, now owning approximately 1.29% of the company valued at $321 million.
• PPG Industries recently had a quarterly dividend declared at $0.71 per share, reflecting a positive change from the previous quarter's $0.68 dividend.
• Analysts have revised target prices for PPG Industries, with UBS raising it to $125.00 and Mizuho setting it at $135.00, indicating a general positive outlook on the stock.

Dimensional Fund Advisors LP boosted its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,937,274 shares of the specialty chemicals company's stock after purchasing an additional 105,973 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.29% of PPG Industries worth $321,147,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PPG. Brighton Jones LLC raised its holdings in PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock worth $487,000 after purchasing an additional 339 shares in the last quarter. Mariner LLC raised its holdings in PPG Industries by 2.5% in the fourth quarter. Mariner LLC now owns 69,540 shares of the specialty chemicals company's stock worth $8,307,000 after purchasing an additional 1,680 shares in the last quarter. Jump Financial LLC raised its holdings in PPG Industries by 40.8% in the fourth quarter. Jump Financial LLC now owns 5,612 shares of the specialty chemicals company's stock worth $670,000 after purchasing an additional 1,626 shares in the last quarter. United Capital Financial Advisors LLC raised its holdings in PPG Industries by 11.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 8,192 shares of the specialty chemicals company's stock worth $979,000 after purchasing an additional 845 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in PPG Industries by 8.5% in the fourth quarter. NewEdge Advisors LLC now owns 18,380 shares of the specialty chemicals company's stock worth $2,195,000 after purchasing an additional 1,440 shares in the last quarter. Institutional investors own 81.86% of the company's stock.

Wall Street Analyst Weigh In

PPG has been the topic of a number of recent research reports. Citigroup increased their target price on PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. JPMorgan Chase & Co. cut their target price on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. 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 note on Friday, August 1st. UBS Group increased their target price 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 increased their target price 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 investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.82.

PPG Industries Stock Performance

NYSE PPG traded down $0.8790 during trading hours on Wednesday, hitting $111.9810. The company's stock had a trading volume of 1,091,508 shares, compared to its average volume of 2,068,340. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24. The company's 50 day simple moving average is $112.34 and its two-hundred day simple moving average is $110.68. The company has a market cap of $25.27 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $4.16 billion. During the same period last year, the company earned $2.50 EPS. PPG Industries's revenue for the quarter was down .9% on a year-over-year basis. 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 fiscal year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, August 11th. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.5%. PPG Industries's 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.