EP Wealth Advisors LLC Has $333,000 Stock Holdings in PPG Industries, Inc. $PPG

EP Wealth Advisors LLC trimmed its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 51.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,049 shares of the specialty chemicals company's stock after selling 3,248 shares during the quarter. EP Wealth Advisors LLC's holdings in PPG Industries were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PPG. Park Square Financial Group LLC bought a new stake in PPG Industries in the 4th quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in shares of PPG Industries during the first quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of PPG Industries in the first quarter valued at about $30,000. CVA Family Office LLC grew its position in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 113 shares in the last quarter. Finally, Financial Connections Group Inc. increased its stake 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 acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Price Performance

Shares of NYSE:PPG traded down $1.04 on Friday, hitting $110.79. The stock had a trading volume of 1,552,318 shares, compared to its average volume of 1,437,477. The firm's 50 day moving average price is $111.78 and its 200-day moving average price is $110.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.04 and a current ratio of 1.42. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The company has a market capitalization of $25.00 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.22. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.16 billion. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PPG. UBS Group lifted 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. Mizuho raised their target price on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup lifted their price target on shares of PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Wells Fargo & Company boosted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Royal Bank Of Canada raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of "Moderate Buy" and an average target price 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.