Jmac Enterprises LLC Reduces Holdings in PPG Industries, Inc. $PPG

Jmac Enterprises LLC decreased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 64.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,900 shares of the specialty chemicals company’s stock after selling 5,300 shares during the quarter. Jmac Enterprises LLC’s holdings in PPG Industries were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the third quarter worth about $26,000. Dorato Capital Management purchased a new position in shares of PPG Industries during the fourth quarter worth about $26,000. Quarry LP purchased a new position in shares of PPG Industries during the third quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of PPG Industries during the third quarter worth about $30,000. Finally, Quent Capital LLC purchased a new position in shares of PPG Industries during the third quarter worth about $57,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PPG. Jefferies Financial Group dropped their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. boosted their price target on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. BNP Paribas Exane lowered their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Wells Fargo & Company boosted their target price on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $120.50.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 118,811 shares of company stock worth $15,219,371. Insiders own 0.33% of the company’s stock.

PPG Industries Trading Up 0.7%

Shares of PPG Industries stock opened at $103.96 on Tuesday. 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 company has a market capitalization of $23.27 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.56 and a beta of 1.16. The business has a 50 day moving average price of $114.54 and a 200 day moving average price of $106.72.

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

PPG Industries Dividend Announcement

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

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.