7,400 Shares in PPG Industries, Inc. $PPG Bought by Pavion Blue Capital LLC

Pavion Blue Capital LLC acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, HoldingsChannel reports. The firm acquired 7,400 shares of the specialty chemicals company’s stock, valued at approximately $898,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock worth $421,000 after purchasing an additional 920 shares during the last quarter. Empowered Funds LLC grew its stake in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after purchasing an additional 1,526 shares during the period. Woodline Partners LP increased its position in shares of PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after purchasing an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position in shares of PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.8%

NYSE:PPG opened at $113.18 on Tuesday. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The stock’s fifty day moving average price is $117.60 and its two-hundred day moving average price is $114.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $25.16 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.66 and a beta of 1.07.

PPG Industries (NYSE:PPG) last announced its quarterly 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). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm posted $2.22 earnings per share. PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is presently 42.41%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane boosted their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Citigroup dropped their target price 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. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $126.00.

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.