AMG National Trust Bank Has $4.70 Million Stock Position in PPG Industries, Inc. $PPG

AMG National Trust Bank lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 22.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 44,008 shares of the specialty chemicals company’s stock after buying an additional 8,178 shares during the quarter. AMG National Trust Bank’s holdings in PPG Industries were worth $4,704,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. CNB Bank grew its position in PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc grew its stake in PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares in the last quarter. Whittier Trust Co. increased its holdings in PPG Industries by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Evolve Private Wealth LLC raised its position in shares of PPG Industries by 3.2% in the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. The Goldman Sachs Group decreased their price target on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. UBS Group upped their price objective on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets dropped their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average price target of $124.93.

PPG Industries Stock Up 0.7%

Shares of NYSE PPG opened at $114.68 on Wednesday. The company has a 50 day simple moving average of $114.36 and a 200 day simple moving average of $112.65. 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 1 year low of $93.39 and a 1 year high of $133.43. The firm has a market cap of $25.56 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were paid a $0.71 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. PPG Industries’s payout ratio is currently 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.