PPG Industries, Inc. $PPG Shares Purchased by Grandfield & Dodd LLC

Grandfield & Dodd LLC lifted its stake in PPG Industries, Inc. (NYSE:PPG) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 145,791 shares of the specialty chemicals company’s stock after purchasing an additional 8,269 shares during the quarter. Grandfield & Dodd LLC’s holdings in PPG Industries were worth $14,938,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PPG. Dorato Capital Management acquired a new position in shares of PPG Industries in the 4th quarter worth approximately $26,000. Quarry LP acquired a new stake in PPG Industries during the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in PPG Industries during the 4th quarter worth approximately $51,000. Entrust Financial LLC acquired a new stake in PPG Industries during the 4th quarter worth approximately $55,000. Finally, Cornerstone Planning Group LLC lifted its holdings in PPG Industries by 2,500.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 550 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 0.2%

Shares of NYSE:PPG opened at $113.05 on Friday. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company’s 50 day moving average is $107.36 and its two-hundred day moving average is $108.49. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The company has a market cap of $25.20 billion, a PE ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the firm posted $1.72 EPS. The company’s quarterly revenue 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. Equities analysts predict that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio is currently 40.51%.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of research reports. Citigroup increased their target price on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Monday, May 11th. UBS Group increased their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Finally, Mizuho increased their target price on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.79.

About PPG Industries

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.