PPG Industries, Inc. $PPG Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in PPG Industries by 15.8% during the second quarter, making it the company's 16th largest position with 551,217 shares valued at approximately $62.7 million.
• PPG Industries reported an EPS of $2.22 for the last quarter, matching analysts' expectations, while also expecting a FY 2025 guidance of 7.750-8.050 EPS.
• The company has recently increased its quarterly dividend from $0.68 to $0.71 per share, representing an annualized yield of 2.7%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,217 shares of the specialty chemicals company's stock after purchasing an additional 75,118 shares during the period. PPG Industries accounts for approximately 1.8% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's portfolio, making the stock its 16th largest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.24% of PPG Industries worth $62,701,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in PPG Industries by 5.6% in the first quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company's stock valued at $1,220,259,000 after acquiring an additional 592,152 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in PPG Industries by 58.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company's stock worth $524,627,000 after purchasing an additional 1,766,518 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in PPG Industries by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company's stock worth $321,147,000 after purchasing an additional 105,973 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PPG Industries by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company's stock valued at $298,992,000 after buying an additional 85,891 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PPG Industries by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,174,762 shares of the specialty chemicals company's stock valued at $237,810,000 after buying an additional 60,301 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PPG. Wells Fargo & Company increased their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Citigroup raised their target price 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. UBS Group lifted their price target on shares of PPG Industries from $111.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their target price on shares of PPG Industries from $115.00 to $117.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. Finally, Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.82.

PPG Industries Stock Down 0.8%

NYSE PPG opened at $105.43 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.42 and a quick ratio of 1.04. The company's 50 day simple moving average is $110.41 and its 200 day simple moving average is $109.88. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24. The company has a market capitalization of $23.80 billion, a P/E ratio of 23.91, a PEG ratio of 2.20 and a beta of 1.14.

PPG Industries (NYSE:PPG - Get Free Report) last released its 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 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 the consensus estimate of $4.16 billion. During the same period in the previous year, the firm earned $2.50 EPS. The business's revenue for the quarter 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 expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal 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 2.7%. PPG Industries's payout ratio is presently 64.40%.

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.

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