Parr Mcknight Wealth Management Group LLC lowered its holdings in PPG Industries, Inc. (NYSE:PPG – Free Report) by 53.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,276 shares of the specialty chemicals company’s stock after selling 6,138 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in PPG Industries were worth $541,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in shares of PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after buying an additional 2,521,004 shares in the last quarter. Pzena Investment Management LLC lifted its position in PPG Industries by 306.2% in the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after acquiring an additional 5,351,103 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in PPG Industries by 0.4% during the 4th quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock valued at $644,537,000 after purchasing an additional 26,793 shares during the last quarter. Geode Capital Management LLC boosted its stake in PPG Industries by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,809,127 shares of the specialty chemicals company’s stock valued at $592,859,000 after purchasing an additional 135,529 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in PPG Industries by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after purchasing an additional 1,326,619 shares during the last quarter. 81.86% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
PPG has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Evercore raised their target price on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Jefferies Financial Group dropped their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, Wells Fargo & Company dropped their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $121.79.
PPG Industries Price Performance
PPG Industries stock opened at $113.05 on Monday. The company’s 50 day moving average price is $107.36 and its two-hundred day moving average price is $108.58. The stock has a market cap of $25.20 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.
PPG Industries (NYSE:PPG – Get Free Report) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts predict that PPG Industries, Inc. will post 7.93 earnings per share for the current year.
PPG Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio is currently 40.51%.
PPG Industries Profile
PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.
PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.
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