Jump Financial LLC Buys 82,975 Shares of PPG Industries, Inc. $PPG

Key Points

• Jump Financial LLC increased its stake in PPG Industries by 1,478.5%, owning a total of 88,587 shares valued at approximately $9.69 million.
• Several institutional investors, including Wellington Management and Price T Rowe Associates, have also raised their stakes, with 81.86% of PPG's stock now owned by institutions.
• PPG Industries recently announced a quarterly dividend of $0.71 per share, up from $0.68, representing a yield of 2.5% and reflecting a strategic boost to shareholder returns.

Jump Financial LLC lifted its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 1,478.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,587 shares of the specialty chemicals company's stock after buying an additional 82,975 shares during the period. Jump Financial LLC's holdings in PPG Industries were worth $9,687,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of PPG Industries in the fourth quarter worth about $26,000. Cheviot Value Management LLC purchased a new position in shares of PPG Industries in the first quarter worth about $26,000. CVA Family Office LLC increased its holdings in shares of 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 buying an additional 113 shares during the period. Headlands Technologies LLC purchased a new position in shares of PPG Industries in the first quarter worth about $30,000. Finally, Financial Connections Group Inc. increased its holdings in shares of 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 buying an additional 150 shares during the period. Hedge funds and other institutional investors own 81.86% of the company's stock.

PPG Industries Stock Up 0.5%

Shares of PPG stock traded up $0.54 during midday trading on Tuesday, reaching $112.68. 1,566,049 shares of the stock were exchanged, compared to its average volume of 1,999,693. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. The company's 50 day moving average is $112.63 and its two-hundred day moving average is $110.65. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $137.24. The firm has a market cap of $25.43 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.17.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The specialty chemicals company reported $2.22 EPS for the quarter, hitting analysts' consensus estimates of $2.22. PPG Industries had a return on equity of 23.85% and a net margin of 6.25%.The firm had revenue of $4.20 billion for the quarter, compared to analysts' expectations of $4.16 billion. During the same period in the previous year, the firm posted $2.50 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. 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 EPS for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, August 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's payout ratio is presently 64.40%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group boosted their price target on PPG Industries from $111.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. reduced their price target on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Mizuho boosted their price target on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Royal Bank Of Canada boosted their price target on PPG Industries from $115.00 to $117.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Finally, Fermium Researc upgraded PPG Industries to a "strong-buy" rating in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.