Ceredex Value Advisors LLC Has $19.30 Million Stake in PPG Industries, Inc. $PPG

Ceredex Value Advisors LLC lowered its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 30.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,650 shares of the specialty chemicals company’s stock after selling 80,550 shares during the quarter. Ceredex Value Advisors LLC’s holdings in PPG Industries were worth $19,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in PPG Industries by 31.4% during the first 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 grew its position in shares of PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after purchasing an additional 1,526 shares during the last quarter. Woodline Partners LP lifted its position in shares of PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in PPG Industries by 14.0% during the 2nd quarter. Savant Capital LLC now owns 12,595 shares of the specialty chemicals company’s stock valued at $1,433,000 after purchasing an additional 1,549 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Up 1.5%

Shares of NYSE:PPG opened at $108.33 on Tuesday. The company’s fifty day moving average is $116.33 and its 200-day moving average is $107.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The company has a market capitalization of $24.24 billion, a PE ratio of 15.61, a P/E/G ratio of 1.61 and a beta of 1.15.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $1.61 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share 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. Stockholders 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 2.6%. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PPG shares. Berenberg Bank reduced their price objective on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Evercore lifted their target price on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Sanford C. Bernstein raised their price objective on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Citigroup increased their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group upped their price objective on PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, PPG Industries currently has an average rating of “Moderate Buy” and a consensus target price of $125.93.

Insider Activity

In other news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value 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. Over the last 90 days, insiders sold 118,811 shares of company stock worth $15,219,371. 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.