Invst LLC Acquires Shares of 7,437 PPG Industries, Inc. $PPG

Invst LLC bought a new position in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,437 shares of the specialty chemicals company’s stock, valued at approximately $902,000.

Several other institutional investors have also made changes to their positions in PPG. Meeder Asset Management Inc. purchased a new position in PPG Industries during the 2nd quarter worth approximately $26,000. Resources Management Corp CT ADV lifted its holdings in shares of PPG Industries by 900.0% in 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 in the last quarter. Quarry LP purchased a new stake in shares of PPG Industries in the third quarter valued at $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of PPG Industries in the second quarter worth $28,000. Finally, Silvant Capital Management LLC purchased a new position in shares of PPG Industries during the second quarter valued at $30,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PPG shares. The Goldman Sachs Group dropped their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Citigroup dropped their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $127.00 to $134.00 in a report on Friday, July 17th. Mizuho upped their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Trading Up 0.4%

NYSE:PPG opened at $113.68 on Wednesday. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The firm has a market cap of $25.27 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.64 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $117.01 and its 200-day moving average is $113.86.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio is presently 42.41%.

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.