Varma Mutual Pension Insurance Co Grows Stock Holdings in PPG Industries, Inc. $PPG

Varma Mutual Pension Insurance Co raised its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,186 shares of the specialty chemicals company’s stock after acquiring an additional 9,700 shares during the quarter. Varma Mutual Pension Insurance Co owned about 0.05% of PPG Industries worth $12,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC raised its stake in shares of PPG Industries by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 97 shares during the period. G&S Capital LLC grew its holdings in PPG Industries by 1.9% during the 3rd quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after buying an additional 104 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of PPG Industries by 0.5% during the second quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after buying an additional 107 shares during the period. Groupe la Francaise lifted its holdings in shares of PPG Industries by 8.9% in the second quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock worth $148,000 after buying an additional 107 shares in the last quarter. Finally, Farmers Trust Co. boosted its position in shares of PPG Industries by 0.7% in the third quarter. Farmers Trust Co. now owns 15,712 shares of the specialty chemicals company’s stock valued at $1,651,000 after acquiring an additional 115 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Up 0.2%

Shares of PPG stock opened at $131.34 on Friday. The business has a 50-day moving average price of $109.80 and a two-hundred day moving average price of $106.23. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $29.47 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio is 40.92%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the sale, the chief financial officer directly owned 28,439 shares in the company, valued at $3,554,875. This represents a 51.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 37,122 shares of company stock worth $4,541,078. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

PPG has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. UBS Group upped their price target on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Royal Bank Of Canada increased their price objective on PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 29th. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $124.79.

PPG Industries 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.