Thompson Siegel & Walmsley LLC Raises Stock Holdings in PPG Industries, Inc. $PPG

Thompson Siegel & Walmsley LLC boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 606,938 shares of the specialty chemicals company’s stock after purchasing an additional 20,330 shares during the period. PPG Industries comprises 1.0% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 24th largest position. Thompson Siegel & Walmsley LLC owned 0.27% of PPG Industries worth $62,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dorato Capital Management purchased a new position in PPG Industries in the fourth quarter valued at about $26,000. Quarry LP purchased a new position in PPG Industries in the third quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in PPG Industries in the fourth quarter valued at about $51,000. Entrust Financial LLC acquired a new stake in PPG Industries during the fourth quarter valued at approximately $55,000. Finally, Cornerstone Planning Group LLC raised its stake in PPG Industries by 2,500.0% during the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock valued at $60,000 after buying an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Up 0.1%

Shares of PPG Industries stock opened at $113.05 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $107.36 and its 200-day simple moving average is $108.58. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts forecast 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. Stockholders of record on Monday, May 11th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is presently 40.51%.

Analyst Ratings Changes

Several analysts have issued reports on PPG shares. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a research note on Monday, May 11th. UBS Group upped their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Jefferies Financial Group cut their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, Wells Fargo & Company cut their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries currently has an average rating of “Hold” and an average price target of $121.79.

PPG Industries Company 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.