Jefferies Financial Group Inc. Invests $837,000 in PPG Industries, Inc. $PPG

Jefferies Financial Group Inc. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,170 shares of the specialty chemicals company’s stock, valued at approximately $837,000.

Other institutional investors have also made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of PPG Industries during the fourth quarter worth $26,000. Quarry LP acquired a new position in shares of PPG Industries during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of PPG Industries during the fourth quarter worth $51,000. Entrust Financial LLC acquired a new position in shares of PPG Industries during the fourth quarter worth $55,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of PPG Industries by 2,500.0% during the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after purchasing an additional 550 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a research report on Monday, May 11th. Jefferies Financial Group cut their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, Evercore upped their price target on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.79.

PPG Industries Trading Up 0.2%

PPG opened at $113.05 on Friday. The stock has a market capitalization of $25.20 billion, a PE ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06. The firm’s fifty day moving average price is $107.36 and its 200 day moving average price is $108.49. 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 12-month low of $93.39 and a 12-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. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts expect that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio is 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.