Munich Reinsurance Co Stock Corp in Munich Makes New Investment in PPG Industries, Inc. $PPG

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 666,883 shares of the specialty chemicals company’s stock, valued at approximately $70,096,000. PPG Industries makes up approximately 1.8% of Munich Reinsurance Co Stock Corp in Munich’s investment portfolio, making the stock its 11th largest holding. Munich Reinsurance Co Stock Corp in Munich owned approximately 0.30% of PPG Industries as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of PPG Industries by 0.7% in the second quarter. Vanguard Group Inc. now owns 29,265,369 shares of the specialty chemicals company’s stock worth $3,328,936,000 after acquiring an additional 192,560 shares in the last quarter. State Street Corp boosted its position in PPG Industries by 6.3% during the 2nd quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock worth $1,436,074,000 after purchasing an additional 749,081 shares during the period. First Eagle Investment Management LLC raised its position in PPG Industries by 12.7% in the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after purchasing an additional 703,549 shares during the period. Norges Bank acquired a new position in shares of PPG Industries during the second quarter worth about $362,412,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of PPG Industries by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock worth $317,421,000 after buying an additional 43,702 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insiders Place Their Bets

In related news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was 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 owned 8,477 shares in the company, valued at $979,856.43. The trade was a 20.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,811 shares of company stock valued at $15,219,371 over the last quarter. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $106.74 on Friday. The firm has a market cap of $23.86 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The firm’s 50-day simple moving average is $116.25 and its 200-day simple moving average is $107.83. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62.

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

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.7%. PPG Industries’s dividend payout ratio is 40.92%.

Analyst Upgrades and Downgrades

PPG has been the topic of several analyst reports. Berenberg Bank dropped their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Citigroup boosted their target price on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group raised their price target on shares of PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Evercore lifted their target price on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $125.93.

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.