Natixis Advisors LLC Purchases 52,589 Shares of PPG Industries, Inc. $PPG

Natixis Advisors LLC increased its position in PPG Industries, Inc. (NYSE:PPG) by 25.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 263,156 shares of the specialty chemicals company’s stock after purchasing an additional 52,589 shares during the period. Natixis Advisors LLC’s holdings in PPG Industries were worth $26,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in shares of PPG Industries during the 4th quarter valued at $26,000. Quarry LP bought a new position in shares of PPG Industries in the 3rd quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in PPG Industries during the 4th quarter valued at about $51,000. Entrust Financial LLC purchased a new position in PPG Industries during the 4th quarter valued at about $55,000. Finally, Cornerstone Planning Group LLC boosted its stake in PPG Industries by 2,500.0% during the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG opened at $112.11 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The stock has a market capitalization of $24.99 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.63 and a beta of 1.06. The company’s 50-day simple moving average is $108.33 and its two-hundred day simple moving average is $109.01. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio is currently 40.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PPG shares. Citigroup upped their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Jefferies Financial Group cut their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, Evercore lifted their price objective on PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries has an average rating of “Hold” and a consensus price target of $121.79.

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.