PPG Industries, Inc. $PPG Stock Position Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its position in PPG Industries, Inc. (NYSE:PPG) by 12.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,263,829 shares of the specialty chemicals company’s stock after acquiring an additional 703,549 shares during the quarter. First Eagle Investment Management LLC owned approximately 2.79% of PPG Industries worth $658,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PPG. Lazard Asset Management LLC raised its holdings in shares of PPG Industries by 6.6% during the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 97 shares during the period. G&S Capital LLC raised its stake in PPG Industries by 1.9% during the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock worth $591,000 after acquiring an additional 104 shares during the period. Columbia Bank lifted its holdings in PPG Industries by 1.0% in the third quarter. Columbia Bank now owns 10,951 shares of the specialty chemicals company’s stock worth $1,090,000 after acquiring an additional 106 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in PPG Industries by 0.5% in the second quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after acquiring an additional 107 shares during the period. Finally, Groupe la Francaise grew its holdings in shares of PPG Industries by 8.9% during the second quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock valued at $148,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Trading Down 3.3%

PPG Industries stock opened at $119.15 on Tuesday. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a market capitalization of $26.63 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.15. The firm has a 50 day simple moving average of $115.44 and a 200-day simple moving average of $107.71.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $1.61 earnings per share. The business’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. As a group, equities research analysts expect 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 will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s payout ratio is 40.92%.

Insider Buying and Selling at PPG Industries

In other news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president owned 15,641 shares of the company’s stock, valued at $1,949,025.01. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 118,811 shares of company stock valued at $15,219,371. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

PPG has been the subject of a number of analyst reports. Mizuho boosted their price objective on PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Citigroup increased their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Bank of America reduced their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Berenberg Bank decreased their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Finally, Wells Fargo & Company lifted their price target on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $125.93.

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.