Jain Global LLC Buys New Position in PPG Industries, Inc. $PPG

Jain Global LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 74,229 shares of the specialty chemicals company’s stock, valued at approximately $7,802,000.

Other institutional investors have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new stake in shares of PPG Industries during the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new position in PPG Industries in the third quarter valued at $30,000. Vermillion & White Wealth Management Group LLC raised its position in PPG Industries by 100.7% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Rothschild Investment LLC lifted its stake in PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 184 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in PPG Industries during the third quarter worth about $57,000. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PPG shares. JPMorgan Chase & Co. increased their price objective on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Bank of America cut their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Sanford C. Bernstein increased their price target on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada upped their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.93.

PPG Industries Trading Up 1.6%

Shares of PPG stock opened at $103.49 on Tuesday. The business has a 50-day moving average of $116.29 and a 200 day moving average of $107.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $133.43. The stock has a market capitalization of $23.16 billion, a PE ratio of 14.91, a P/E/G ratio of 1.53 and a beta of 1.15.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, February 20th. PPG Industries’s dividend payout ratio is currently 40.92%.

Insider Buying and Selling at PPG Industries

In other news, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the transaction, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The disclosure for this sale is available in the SEC filing. Insiders sold 118,811 shares of company stock valued at $15,219,371 in the last quarter. Company insiders own 0.33% of the company’s stock.

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.