PPG Industries, Inc. $PPG Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. has decreased its holdings in PPG Industries, Inc. by 25.7%, now owning 16,848 shares valued at approximately $1.84 million.
• PPG Industries reported a quarterly EPS of $2.22, meeting analysts' expectations, and projected a fiscal year 2025 EPS guidance of $7.75-8.05.
• The company recently increased its quarterly dividend to $0.71 per share, up from $0.68, resulting in an annualized yield of 2.5%.

Candriam S.C.A. lessened its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,848 shares of the specialty chemicals company's stock after selling 5,842 shares during the quarter. Candriam S.C.A.'s holdings in PPG Industries were worth $1,842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in PPG Industries during the fourth quarter valued at $26,000. Cheviot Value Management LLC purchased a new position in PPG Industries during the first quarter valued at $26,000. CVA Family Office LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 113 shares in the last quarter. Headlands Technologies LLC purchased a new position in PPG Industries during the first quarter valued at $30,000. Finally, Financial Connections Group Inc. lifted its holdings 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 purchasing an additional 150 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 0.5%

Shares of PPG traded up $0.54 during trading on Tuesday, reaching $112.68. 1,566,049 shares of the company traded hands, compared to its average volume of 1,999,693. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24. The stock 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. The stock has a 50-day simple moving average of $112.63 and a 200-day simple moving average of $110.65. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.76.

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 for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $4.16 billion. During the same period last year, the business earned $2.50 earnings per share. 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. On average, analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be issued a $0.71 dividend. 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. The ex-dividend date is Monday, August 11th. PPG Industries's dividend payout ratio (DPR) is presently 64.40%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target 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. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research note on Thursday, May 1st. Mizuho raised 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada upped their target price on PPG Industries from $115.00 to $117.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. One 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's stock. According to MarketBeat.com, PPG Industries presently has a consensus rating of "Moderate Buy" and a consensus 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.