OMERS ADMINISTRATION Corp Invests $4.38 Million in PPG Industries, Inc. $PPG

OMERS ADMINISTRATION Corp purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 36,077 shares of the specialty chemicals company’s stock, valued at approximately $4,376,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of PPG Industries by 6.1% in the 1st 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 grew its holdings 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 period. Finally, Cresset Asset Management LLC grew its holdings 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 worth $722,000 after purchasing an additional 371 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 0.4%

NYSE:PPG opened at $113.68 on Wednesday. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The firm has a market cap of $25.27 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $117.01 and a 200 day moving average price of $113.86.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PPG shares. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Mizuho increased their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada dropped their price target on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. UBS Group decreased their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $126.00.

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.