PPG Industries, Inc. $PPG Shares Acquired by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 71.4% in the first quarter, HoldingsChannel reports. The fund owned 10,328 shares of the specialty chemicals company’s stock after buying an additional 4,304 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in PPG Industries were worth $1,104,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Dorato Capital Management acquired a new position in PPG Industries in the 4th quarter worth approximately $26,000. Quarry LP acquired a new position in shares of PPG Industries during the 3rd quarter worth about $26,000. Resources Management Corp CT ADV lifted its stake in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of PPG Industries during the 4th quarter worth about $30,000. Finally, DV Equities LLC acquired a new position in PPG Industries in the fourth quarter valued at about $32,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 2.2%

PPG stock opened at $125.30 on Friday. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The firm has a market capitalization of $27.93 billion, a PE ratio of 17.87, a P/E/G ratio of 1.79 and a beta of 1.05. The stock’s 50 day moving average is $112.85 and its 200-day moving average is $111.81. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The company 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%. PPG Industries’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Dividend Announcement

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 dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Mizuho increased their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday. BNP Paribas Exane boosted their price target on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $119.00 target price on shares of PPG Industries in a research report on Wednesday, June 10th. Six equities 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, the stock currently has a consensus rating of “Hold” and a consensus target price 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.