Elevation Point Wealth Partners LLC Takes $2.96 Million Position in PPG Industries, Inc. $PPG

Elevation Point Wealth Partners LLC acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,695 shares of the specialty chemicals company’s stock, valued at approximately $2,960,000.

Several other institutional investors have also bought and sold shares of the stock. CNB Bank grew its position in PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc raised its position in shares of PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares in the last quarter. Whittier Trust Co. raised its position in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after buying an additional 89 shares in the last quarter. Evolve Private Wealth LLC lifted its stake in shares of PPG Industries by 3.2% in the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 92 shares during the period. Finally, Insigneo Advisory Services LLC lifted its stake in shares of PPG Industries by 4.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Down 0.0%

NYSE PPG opened at $125.30 on Friday. 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 company’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $111.91. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a market capitalization of $27.93 billion, a P/E ratio of 17.87, a PEG ratio of 1.83 and a beta of 1.05.

PPG Industries (NYSE:PPG) last issued its 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 firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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

Wall Street Analyst Weigh In

PPG has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of PPG Industries from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wells Fargo & Company decreased their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Citigroup lifted their price target on PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. dropped their price objective 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 issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $124.40.

About PPG Industries

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.