Integrity Alliance LLC. Invests $318,000 in PPG Industries, Inc. $PPG

Key Points

• Integrity Alliance LLC has made a new investment of approximately $318,000 in PPG Industries, acquiring 2,911 shares during the first quarter of the year.
• PPG Industries has seen several upgrades from analysts, with price targets lifted by firms like Wells Fargo and UBS Group, now predicting a consensus target price of $129.82.
• The company recently increased its quarterly dividend to $0.71 per share, raising its annual yield to 2.6%.

Integrity Alliance LLC. purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,911 shares of the specialty chemicals company's stock, valued at approximately $318,000.

Other hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of PPG Industries during the 4th quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in shares of PPG Industries during the 1st quarter worth about $26,000. CVA Family Office LLC raised its position in shares of PPG Industries by 70.6% during the 1st 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. Headlands Technologies LLC bought a new stake in shares of PPG Industries during the 1st quarter worth about $30,000. Finally, Financial Connections Group Inc. raised its position in shares of 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. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Citigroup boosted their price target on shares of PPG Industries from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $115.00 to $117.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, UBS Group lifted their price objective on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.82.

PPG Industries Stock Up 0.9%

NYSE:PPG traded up $1.02 during trading hours on Thursday, hitting $109.12. 1,715,188 shares of the stock traded hands, compared to its average volume of 1,455,720. The firm has a 50 day moving average price of $111.08 and a 200 day moving average price of $110.05. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $137.24. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.23 and a beta of 1.14.

PPG Industries (NYSE:PPG - Get Free Report) last announced its 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. PPG Industries had a net margin of 6.25% and a return on equity of 23.85%. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period in the previous year, the business earned $2.50 EPS. The company's revenue was down .9% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Equities research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, August 11th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, August 11th. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. PPG Industries's payout ratio is presently 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.