PPG Industries, Inc. $PPG Shares Sold by KBC Group NV

KBC Group NV decreased its stake in PPG Industries, Inc. (NYSE:PPG) by 28.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,316 shares of the specialty chemicals company’s stock after selling 25,568 shares during the period. KBC Group NV’s holdings in PPG Industries were worth $6,981,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group cut their price objective on shares of PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. BNP Paribas Exane upped their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded PPG Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.13.

PPG Industries Stock Up 1.5%

PPG stock opened at $117.40 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $115.36 and a 200-day simple moving average of $113.21. The company has a market capitalization of $26.17 billion, a P/E ratio of 16.75, a PEG ratio of 1.67 and a beta of 1.05. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the company posted $1.72 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that PPG Industries, Inc. will post 7.94 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a $0.74 dividend. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

PPG Industries Company 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.