Longfellow Investment Management Co. LLC Grows Stock Holdings in PPG Industries, Inc. $PPG

Longfellow Investment Management Co. LLC increased its stake in shares of PPG Industries, Inc. (NYSE:PPGFree Report) by 290.3% in the 4th quarter, Holdings Channel reports. The firm owned 19,379 shares of the specialty chemicals company’s stock after buying an additional 14,414 shares during the period. Longfellow Investment Management Co. LLC’s holdings in PPG Industries were worth $1,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PPG. Dorato Capital Management purchased a new position in shares of PPG Industries during the fourth quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of PPG Industries during the third quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of PPG Industries during the fourth quarter valued at approximately $51,000. Entrust Financial LLC bought a new stake in PPG Industries during the fourth quarter valued at approximately $55,000. Finally, Rosenberg Matthew Hamilton grew its position in PPG Industries by 226.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 433 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $114.08 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The firm has a fifty day moving average price of $108.47 and a 200 day moving average price of $109.04. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.66 and a beta of 1.06.

PPG Industries (NYSE:PPGGet Free Report) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. PPG Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts expect that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors 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 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio is currently 40.51%.

Analyst Ratings Changes

PPG has been the subject of several recent research reports. Weiss Ratings lowered shares of PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Citigroup upped their price target on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. BNP Paribas Exane upped their price target on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, UBS Group upped their price target on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.79.

Check Out Our Latest Research Report on PPG

About PPG Industries

(Free Report)

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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Institutional Ownership by Quarter for PPG Industries (NYSE:PPG)

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