PPG Industries, Inc. $PPG Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its stake in PPG Industries, Inc. (NYSE:PPG) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,832 shares of the specialty chemicals company’s stock after selling 9,510 shares during the quarter. Heartland Advisors Inc.’s holdings in PPG Industries were worth $10,914,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in PPG Industries in the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in PPG Industries in the 3rd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC increased its stake in PPG Industries by 100.7% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Rothschild Investment LLC lifted its position in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 184 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of PPG Industries by 1,515.8% in the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 288 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of PPG opened at $131.26 on Tuesday. The company has a market capitalization of $29.45 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week 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 stock has a 50 day moving average price of $111.02 and a 200 day moving average price of $106.49.

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

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of research reports. Evercore reduced their target price on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Berenberg Bank cut their price objective on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. The Goldman Sachs Group lifted their target price on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Bank of America cut their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $124.79.

Insider Transactions at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,554,875. The trade was a 51.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,122 shares of company stock worth $4,541,078 in the last quarter. Insiders own 0.33% of the company’s stock.

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.