PPG Industries, Inc. $PPG Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 619,919 shares of the specialty chemicals company’s stock after selling 31,115 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in PPG Industries were worth $66,257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dorato Capital Management bought a new position in shares of PPG Industries during the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV lifted its holdings in shares of 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 worth $26,000 after purchasing an additional 225 shares during the last quarter. Quarry LP acquired a new position in PPG Industries during the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd acquired a new position in PPG Industries during the 4th quarter valued at approximately $30,000. Finally, DV Equities LLC bought a new position in PPG Industries during the 4th quarter worth $32,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on PPG shares. Mizuho increased their target price on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets lowered their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Jefferies Financial Group dropped their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Finally, Citigroup raised their price target on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.93.

PPG Industries Price Performance

PPG traded up $0.80 during trading on Friday, reaching $116.76. The stock had a trading volume of 1,825,516 shares, compared to its average volume of 1,981,030. The stock has a 50 day moving average of $114.09 and a two-hundred day moving average of $112.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the firm posted $1.72 EPS. 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, equities analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

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.