SG Americas Securities LLC Cuts Position in PPG Industries, Inc. $PPG

SG Americas Securities LLC decreased its position in PPG Industries, Inc. (NYSE:PPG) by 13.4% during the 1st quarter, Holdings Channel reports. The fund owned 167,382 shares of the specialty chemicals company’s stock after selling 25,850 shares during the quarter. SG Americas Securities LLC’s holdings in PPG Industries were worth $17,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its position in shares of PPG Industries by 306.2% during the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after purchasing an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP increased its holdings in PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after buying an additional 2,521,004 shares during the last quarter. Franklin Resources Inc. raised its stake in PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after buying an additional 2,295,118 shares in the last quarter. Norges Bank purchased a new stake in PPG Industries during the 4th quarter worth about $209,355,000. Finally, Bank of Montreal Can lifted its stake in PPG Industries by 254.9% during the fourth quarter. Bank of Montreal Can now owns 1,334,707 shares of the specialty chemicals company’s stock worth $136,754,000 after purchasing an additional 958,580 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Citigroup upped their price target on PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday. BNP Paribas Exane increased their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 target price on shares of PPG Industries in a research report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $123.73.

PPG Industries Stock Performance

PPG opened at $122.28 on Friday. The stock has a market cap of $27.26 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $111.80 and its 200 day simple moving average is $111.06. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion during 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%.PPG Industries’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s payout ratio is 40.51%.

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.