TD Asset Management Inc Has $25 Million Stock Position in PPG Industries, Inc. $PPG

TD Asset Management Inc lifted its holdings in PPG Industries, Inc. (NYSE:PPG) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,871 shares of the specialty chemicals company’s stock after purchasing an additional 8,357 shares during the period. TD Asset Management Inc owned 0.11% of PPG Industries worth $25,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PPG. Norges Bank bought a new position in shares of PPG Industries in the 2nd quarter valued at approximately $362,412,000. Holocene Advisors LP raised its position in shares of PPG Industries by 342.8% in the second quarter. Holocene Advisors LP now owns 1,688,870 shares of the specialty chemicals company’s stock valued at $192,109,000 after purchasing an additional 1,307,468 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of PPG Industries by 21.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company’s stock worth $632,482,000 after buying an additional 971,799 shares during the period. Burgundy Asset Management Ltd. acquired a new position in PPG Industries in the 2nd quarter valued at $93,719,000. Finally, State Street Corp raised its holdings in PPG Industries by 6.3% in the 2nd quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock worth $1,436,074,000 after acquiring an additional 749,081 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PPG. Evercore raised their price target on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Jefferies Financial Group raised their target price on PPG Industries from $115.00 to $125.00 and gave the company a “hold” 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 for the company in a report on Thursday, January 8th. Sanford C. Bernstein increased their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Zacks Research upgraded shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $125.93.

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction 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 owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 118,811 shares of company stock valued at $15,219,371. Corporate insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $123.15 on Friday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $115.12 and a 200 day simple moving average of $107.70. The firm has a market capitalization of $27.52 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.85 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business 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. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio is currently 40.92%.

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.