Divergent Planning LLC Takes $680,000 Position in PPG Industries, Inc. $PPG

Key Points

• Divergent Planning LLC has acquired a new position in PPG Industries, investing approximately $680,000 for 5,980 shares during the second quarter.
• PPG Industries reported Q2 earnings of $2.22 per share, meeting analysts' expectations, and generated $4.20 billion in revenue, slightly above forecasts.
• The company plans to distribute a quarterly dividend of $0.71 per share on December 12th, representing an annual yield of 2.8%.

Divergent Planning LLC bought a new stake in PPG Industries, Inc. (NYSE:PPG - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,980 shares of the specialty chemicals company's stock, valued at approximately $680,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its position 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 valued at $25,000 after purchasing an additional 125 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in shares of PPG Industries during the first quarter worth approximately $26,000. Headlands Technologies LLC acquired a new stake in PPG Industries in the first quarter valued at approximately $30,000. Gladwyn Financial Advisors Inc. purchased a new position in PPG Industries in the second quarter worth approximately $31,000. Finally, Financial Connections Group Inc. grew its holdings 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 acquiring an additional 150 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Performance

NYSE PPG opened at $102.16 on Tuesday. The company has a fifty day moving average of $107.41 and a two-hundred day moving average of $108.81. The company has a market capitalization of $23.06 billion, a PE ratio of 23.17, a P/E/G ratio of 2.14 and a beta of 1.16. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $131.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04.

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

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders 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 payout ratio is currently 64.40%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. 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 report on Friday, August 1st. Wells Fargo & Company dropped their target price on PPG Industries from $135.00 to $132.00 and set an "overweight" rating on the stock in a report on Friday, October 10th. Mizuho decreased their price target on PPG Industries from $135.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Bank of America lowered their price objective on PPG Industries from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Tuesday, October 14th. Finally, UBS Group dropped their price objective on PPG Industries from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. One investment 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.00.

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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