Jefferies Financial Group Inc. Takes $970,000 Position in PPG Industries, Inc. $PPG

Jefferies Financial Group Inc. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the specialty chemicals company’s stock, valued at approximately $970,000.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries in the second quarter worth $26,000. Resources Management Corp CT ADV raised its stake 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 acquiring an additional 225 shares in the last quarter. Quarry LP purchased a new position in PPG Industries in the third quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new position in PPG Industries in the second quarter valued at $28,000. Finally, Silvant Capital Management LLC acquired a new position in PPG Industries during the 2nd quarter worth $30,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Down 0.1%

NYSE:PPG opened at $114.06 on Monday. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The stock has a market cap of $25.36 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a 50-day simple moving average of $116.77 and a 200-day simple moving average of $113.60.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts anticipate that PPG Industries, Inc. will post 7.88 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend 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 (DPR) is currently 42.41%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PPG shares. UBS Group cut their price target on PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. Mizuho raised their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Citigroup decreased their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.00.

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.