PPG Industries, Inc. $PPG Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC increased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 5.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,478,646 shares of the specialty chemicals company’s stock after purchasing an additional 379,879 shares during the period. PPG Industries accounts for 2.6% of Pzena Investment Management LLC’s investment portfolio, making the stock its 16th biggest position. Pzena Investment Management LLC’s holdings in PPG Industries were worth $799,318,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in shares of PPG Industries by 63.4% in the 1st quarter. Root Financial Partners LLC now owns 590 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 229 shares during the last quarter. Petros Family Wealth LLC acquired a new stake in shares of PPG Industries in the 1st quarter worth about $269,000. Palouse Capital Management Inc. increased its holdings in shares of PPG Industries by 4.1% in the 1st quarter. Palouse Capital Management Inc. now owns 5,008 shares of the specialty chemicals company’s stock worth $535,000 after acquiring an additional 196 shares during the period. Severin Investments LLC bought a new stake in PPG Industries in the 1st quarter valued at about $297,000. Finally, Peoples Bank OH boosted its stake in PPG Industries by 14.9% during the 1st quarter. Peoples Bank OH now owns 2,395 shares of the specialty chemicals company’s stock valued at $256,000 after purchasing an additional 310 shares during the period. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of several analyst reports. Citigroup raised their price target on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. BNP Paribas Exane boosted their price objective on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. The Goldman Sachs Group decreased their price objective on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $119.00 target price on shares of PPG Industries in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. cut their target price on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, PPG Industries has a consensus rating of “Hold” and a consensus price target of $124.40.

PPG Industries Price Performance

NYSE:PPG opened at $122.65 on Thursday. The business’s 50-day moving average price is $112.56 and its 200 day moving average price is $111.66. The firm has a market cap of $27.34 billion, a P/E ratio of 17.50, a PEG ratio of 1.77 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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