Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 20,300 Shares of PPG Industries, Inc. $PPG

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in PPG Industries, Inc. (NYSE:PPG) by 78.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,600 shares of the specialty chemicals company’s stock after selling 20,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PPG Industries were worth $574,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PPG. Dorato Capital Management bought a new stake in PPG Industries in the fourth quarter valued at approximately $26,000. Quarry LP bought a new stake in shares of PPG Industries during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of PPG Industries during the fourth quarter worth $51,000. Entrust Financial LLC bought a new stake in shares of PPG Industries during the fourth quarter worth $55,000. Finally, Rosenberg Matthew Hamilton increased its position in shares of PPG Industries by 226.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 433 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PPG. JPMorgan Chase & Co. lowered their price objective on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Evercore increased their price objective on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. UBS Group increased their price objective on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Finally, BNP Paribas Exane increased their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and an average price target of $121.79.

PPG Industries Stock Up 3.1%

PPG Industries stock opened at $116.32 on Wednesday. The company has a market cap of $25.93 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a fifty day simple moving average of $108.88 and a 200 day simple moving average of $109.42. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts anticipate that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be paid a $0.71 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

PPG Industries 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.