Regents Gate Capital LLP Has $8.11 Million Position in PPG Industries, Inc. $PPG

Regents Gate Capital LLP lessened its position in PPG Industries, Inc. (NYSE:PPG) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,190 shares of the specialty chemicals company’s stock after selling 24,072 shares during the period. PPG Industries makes up about 2.6% of Regents Gate Capital LLP’s investment portfolio, making the stock its 19th biggest holding. Regents Gate Capital LLP’s holdings in PPG Industries were worth $8,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PPG. Dorato Capital Management bought a new position in PPG Industries in the fourth quarter valued at $26,000. Quarry LP bought a new stake in shares of PPG Industries in the 3rd quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in PPG Industries in the 4th quarter valued at about $51,000. Entrust Financial LLC bought a new position in PPG Industries during the fourth quarter worth about $55,000. Finally, Rosenberg Matthew Hamilton increased its position in PPG Industries by 226.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock worth $64,000 after buying an additional 433 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $119.00 price target on shares of PPG Industries in a research report on Wednesday. The Goldman Sachs Group reduced their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Wells Fargo & Company decreased their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Jefferies Financial Group dropped their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Weiss Ratings downgraded PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Stock Up 4.9%

Shares of NYSE PPG opened at $118.48 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 company has a market capitalization of $26.41 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company’s 50 day moving average price is $109.29 and its 200-day moving average price is $109.68. 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 data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts forecast that PPG Industries, Inc. will post 7.92 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio is 40.51%.

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.