Lansforsakringar Fondforvaltning AB publ Acquires 9,544 Shares of PPG Industries, Inc. $PPG

Lansforsakringar Fondforvaltning AB publ increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,427 shares of the specialty chemicals company’s stock after acquiring an additional 9,544 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in PPG Industries were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of PPG. Dorato Capital Management bought a new position in shares of PPG Industries during the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV grew its stake in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Quarry LP bought a new position in PPG Industries during the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd purchased a new position in PPG Industries during the fourth quarter valued at $30,000. Finally, DV Equities LLC purchased a new position in PPG Industries during the fourth quarter valued at $32,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $122.65 on Thursday. The stock has a market cap of $27.34 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The stock’s fifty day moving average is $112.56 and its 200 day moving average is $111.66. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the company earned $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.92 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. PPG Industries’s dividend payout ratio is presently 40.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PPG shares. UBS Group raised their price target on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 price objective on shares of PPG Industries in a research note on Wednesday, June 10th. BMO Capital Markets lifted their target price on shares of PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company reduced their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $124.40.

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.