Osmosis Investment Management UK Ltd Purchases New Stake in PPG Industries, Inc. $PPG

Osmosis Investment Management UK Ltd acquired a new position in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,175 shares of the specialty chemicals company’s stock, valued at approximately $2,690,000.

Other institutional investors have also recently bought and sold shares of the company. CNB Bank grew its holdings in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after acquiring an additional 80 shares in the last quarter. IFP Advisors Inc increased its position 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 during the last quarter. Evolve Private Wealth LLC boosted its stake in shares of PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 92 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in PPG Industries by 4.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in PPG Industries by 1.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after purchasing an additional 92 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PPG has been the subject of a number of research analyst reports. 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. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. Wall Street Zen lowered PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Royal Bank Of Canada reduced their price objective on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Finally, Mizuho raised their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Stock Up 0.2%

PPG stock opened at $113.81 on Monday. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company has a market cap of $25.30 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The business’s 50-day simple moving average is $117.31 and its 200 day simple moving average is $113.99.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the business posted $2.22 EPS. PPG Industries’s revenue 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. On average, research analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio is presently 42.41%.

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.