Eisler Capital Management Ltd. Purchases Shares of 2,511 PPG Industries, Inc. $PPG

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in PPG Industries, Inc. by purchasing 2,511 shares valued at approximately $275,000 during the first quarter.
• PPG Industries reported earnings of $2.22 per share for the last quarter, which met analysts' expectations, with a revenue of $4.20 billion.
• The company's dividend has been increased to $0.71 per share, resulting in an annualized dividend of $2.84 and a yield of 2.6%.

Eisler Capital Management Ltd. bought a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,511 shares of the specialty chemicals company's stock, valued at approximately $275,000.

Several other institutional investors have also added to or reduced their stakes in PPG. Park Square Financial Group LLC bought a new stake in PPG Industries in the 4th quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of PPG Industries in the first quarter valued at $26,000. CVA Family Office LLC increased its position in PPG Industries by 70.6% in the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 113 shares during the last quarter. Headlands Technologies LLC purchased a new stake in PPG Industries during the first quarter valued at $30,000. Finally, Financial Connections Group Inc. lifted its position in PPG Industries by 74.6% during the first quarter. Financial Connections Group Inc. now owns 351 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 1.5%

PPG traded down $1.70 on Tuesday, hitting $109.53. The company had a trading volume of 809,985 shares, compared to its average volume of 2,024,402. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.30 and a beta of 1.14. 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 stock has a fifty day moving average price of $112.79 and a 200-day moving average price of $110.48. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly 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. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The business had revenue of $4.20 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period last year, the business earned $2.50 EPS. The company's revenue was down .9% compared to the same quarter last year. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be issued a $0.71 dividend. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 11th. PPG Industries's dividend payout ratio is 64.40%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PPG shares. Mizuho boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft boosted their target price on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada upped their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. UBS Group raised their price objective on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup lifted their target price on PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, June 13th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.82.

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.