Nations Financial Group Inc. IA ADV Has $430,000 Holdings in PPG Industries, Inc. $PPG

Key Points

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Nations Financial Group Inc. IA ADV lessened its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 38.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,934 shares of the specialty chemicals company's stock after selling 2,469 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in PPG Industries were worth $430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of PPG Industries in the fourth quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new stake in shares of PPG Industries in the first quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of PPG Industries in the first quarter worth $30,000. CVA Family Office LLC lifted its position 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 purchasing an additional 113 shares in the last quarter. Finally, Financial Connections Group Inc. lifted its position 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 purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company's stock.

PPG Industries Stock Performance

Shares of NYSE:PPG traded down $0.8790 on Wednesday, hitting $111.9810. The company had a trading volume of 1,091,508 shares, compared to its average volume of 2,045,808. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $137.24. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.33 and a beta of 1.17. The stock has a 50 day moving average price of $112.34 and a 200 day moving average price of $110.68. 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 (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The specialty chemicals company reported $2.22 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 firm 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 company earned $2.50 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.750-8.050 EPS. Analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. This is a boost from PPG Industries's previous quarterly dividend of $0.68. The ex-dividend date is Monday, August 11th. PPG Industries's dividend payout ratio is currently 64.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PPG. Fermium Researc raised shares of PPG Industries to a "strong-buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. cut their price objective on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Citigroup boosted their price objective 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. Finally, UBS Group upped their price target on shares of PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus 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.