101,292 Shares in PPG Industries, Inc. $PPG Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 101,292 shares of the specialty chemicals company’s stock, valued at approximately $10,378,000. PPG Industries accounts for about 0.6% of International Assets Investment Management LLC’s holdings, making the stock its 29th largest holding.

Other large investors have also recently made changes to their positions in the company. Dorato Capital Management purchased a new stake in shares of PPG Industries during the fourth quarter worth approximately $26,000. Quarry LP purchased a new stake in shares of PPG Industries during the third quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of PPG Industries during the third quarter worth approximately $26,000. Root Financial Partners LLC purchased a new position in PPG Industries in the third quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in PPG Industries in the fourth quarter valued at approximately $51,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG stock opened at $109.05 on Friday. The company has a market capitalization of $24.31 billion, a P/E ratio of 15.56, a PEG ratio of 1.63 and a beta of 1.06. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The business has a 50 day simple moving average of $108.44 and a 200-day simple moving average of $107.70. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78.

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

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio is presently 40.51%.

Insider Activity at PPG Industries

In other 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 value of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PPG shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Mizuho increased their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Citigroup increased their price target on shares of PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Evercore increased their price target on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Hold” and a consensus price target 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.