PPG Industries, Inc. $PPG Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,600,226 shares of the specialty chemicals company’s stock after acquiring an additional 98,430 shares during the quarter. ProShare Advisors LLC’s holdings in PPG Industries were worth $163,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PPG. Brighton Jones LLC increased its stake in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after acquiring an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of PPG Industries by 31.4% during the 1st 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 last quarter. Empowered Funds LLC increased its stake in shares of PPG Industries by 6.1% during the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares during the last quarter. Woodline Partners LP increased its stake 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 valued at $2,143,000 after acquiring an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in shares of PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PPG. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. The Goldman Sachs Group dropped their target price on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Citigroup increased their target price on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Jefferies Financial Group dropped their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.79.

Insiders Place Their Bets

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the transaction, the vice president owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

PPG Industries Stock Up 1.0%

PPG opened at $103.71 on Tuesday. The firm has a 50 day moving average price of $106.54 and a 200 day moving average price of $107.81. The company has a market cap of $23.12 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 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 7.93 earnings per share for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is currently 40.51%.

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.