Sequoia Financial Advisors LLC Purchases 6,905 Shares of PPG Industries, Inc. $PPG

Sequoia Financial Advisors LLC grew its position in PPG Industries, Inc. (NYSE:PPG) by 95.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,138 shares of the specialty chemicals company’s stock after acquiring an additional 6,905 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in PPG Industries were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares during the period. Empowered Funds LLC boosted its holdings in PPG Industries by 6.1% during the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares during the period. Woodline Partners LP boosted its holdings in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after acquiring an additional 5,667 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after acquiring an additional 371 shares during the period. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.33% of the company’s stock.

PPG Industries Stock Down 1.4%

Shares of PPG stock opened at $106.41 on Wednesday. The stock’s 50-day simple moving average is $107.52 and its 200-day simple moving average is $107.81. 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 firm has a market capitalization of $23.72 billion, a PE ratio of 15.18, a P/E/G ratio of 1.58 and a beta of 1.06. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last issued its 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. 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 in the prior year, the business earned $1.72 earnings per share. The company’s 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 expect that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s dividend payout ratio is currently 40.51%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Mizuho upped their target price on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. UBS Group upped their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their target price on PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company 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.