Grandfield & Dodd LLC Purchases New Shares in PPG Industries, Inc. $PPG

Grandfield & Dodd LLC acquired a new stake in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 158,084 shares of the specialty chemicals company’s stock, valued at approximately $19,174,000.

Other hedge funds have also recently modified their holdings of the company. Resources Management Corp CT ADV raised its stake in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Quarry LP purchased a new position in PPG Industries in the third quarter worth approximately $26,000. Aster Capital Management DIFC Ltd acquired a new position in shares of PPG Industries in the 4th quarter valued at $30,000. Essential Partners LLC lifted its position in PPG Industries by 59.3% in the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 112 shares during the last quarter. Finally, DV Equities LLC purchased a new position in shares of PPG Industries during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. JPMorgan Chase & Co. lowered their target price on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. BNP Paribas Exane upped their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $113.18 on Tuesday. The company has a 50-day simple moving average of $117.60 and a 200-day simple moving average of $114.06. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a market cap of $25.16 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion during 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%.The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a $0.74 dividend. The ex-dividend date is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is 42.41%.

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.