Y Intercept Hong Kong Ltd Takes Position in PPG Industries, Inc. $PPG

Y Intercept Hong Kong Ltd acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 83,653 shares of the specialty chemicals company’s stock, valued at approximately $8,941,000.

Several other large investors have also made changes to their positions in PPG. Dorato Capital Management acquired a new stake in PPG Industries during the fourth quarter worth about $26,000. Quarry LP purchased a new stake in shares of PPG Industries during the 3rd quarter worth about $26,000. Resources Management Corp CT ADV increased its position in PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in PPG Industries in the fourth quarter valued at approximately $30,000. Finally, DV Equities LLC purchased a new position in PPG Industries in the fourth quarter valued at approximately $32,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Down 0.0%

NYSE PPG opened at $125.30 on Friday. The stock has a market cap of $27.93 billion, a P/E ratio of 17.87, a PEG ratio of 1.83 and a beta of 1.05. The company’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $111.91. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating 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 business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period last year, the business earned $1.72 EPS. The business’s revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts predict that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Wells Fargo & Company decreased their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Jefferies Financial Group lowered their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $124.40.

About PPG Industries

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.