Integrity Alliance LLC. Makes New $318,000 Investment 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 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,911 shares of the specialty chemicals company's stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in PPG Industries in the fourth quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in PPG Industries in the first quarter worth about $26,000. Headlands Technologies LLC bought a new stake in PPG Industries in the first quarter worth about $30,000. CVA Family Office LLC raised 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 acquiring an additional 113 shares in the last quarter. Finally, Financial Connections Group Inc. raised its position in PPG Industries by 74.6% in the first 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PPG has been the topic of several research reports. 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. UBS Group lifted their price target on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Wells Fargo & Company lifted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Mizuho lifted their price target on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. 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 note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.82.

PPG Industries Trading Down 0.9%

Shares of NYSE PPG opened at $110.79 on Friday. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.31 and a beta of 1.14. The business has a 50 day simple moving average of $111.78 and a 200 day simple moving average of $110.14. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $137.24. 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 (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, meeting the consensus estimate of $2.22. The business had revenue of $4.20 billion during 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 firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.50 EPS. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. On average, research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 an increase 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 dividend payout ratio (DPR) is currently 64.40%.

PPG Industries 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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