12,088 Shares in PPG Industries, Inc. $PPG Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 1st quarter, Holdings Channel reports. The fund acquired 12,088 shares of the specialty chemicals company’s stock, valued at approximately $1,292,000.

Several other large investors have also recently bought and sold shares of the stock. Evergreen Private Wealth LLC acquired a new position in PPG Industries in the 1st quarter valued at approximately $120,000. United Asset Strategies Inc. lifted its holdings in shares of PPG Industries by 8.8% during the first quarter. United Asset Strategies Inc. now owns 5,068 shares of the specialty chemicals company’s stock valued at $542,000 after acquiring an additional 412 shares during the period. Swedbank AB boosted its position in PPG Industries by 3.4% in the first quarter. Swedbank AB now owns 198,495 shares of the specialty chemicals company’s stock valued at $21,215,000 after buying an additional 6,488 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of PPG Industries in the 1st quarter worth approximately $231,000. Finally, DGS Capital Management LLC acquired a new position in PPG Industries in the first quarter worth $300,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PPG. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group reduced their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a report on Wednesday. UBS Group increased their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $124.93.

PPG Industries Stock Up 1.6%

PPG Industries stock opened at $116.12 on Friday. The company’s 50-day moving average is $113.85 and its 200-day moving average is $112.40. The firm has a market capitalization of $25.88 billion, a PE ratio of 16.57, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were given a dividend of $0.71 per share. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is presently 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.