Simplicity Wealth LLC Takes Position in PPG Industries, Inc. $PPG

Simplicity Wealth LLC purchased a new stake in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,063 shares of the specialty chemicals company’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nvest Wealth Strategies Inc. purchased a new stake in PPG Industries in the 4th quarter worth about $505,000. Cooke & Bieler LP increased its holdings in shares of PPG Industries by 16.7% in the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after purchasing an additional 231,537 shares during the period. Equity Investment Corp lifted its position in shares of PPG Industries by 3.4% in the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock worth $101,981,000 after purchasing an additional 32,337 shares in the last quarter. ProShare Advisors LLC grew its position in PPG Industries by 6.6% during the fourth quarter. ProShare Advisors LLC now owns 1,600,226 shares of the specialty chemicals company’s stock valued at $163,959,000 after purchasing an additional 98,430 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in PPG Industries by 80.2% in the 4th quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock valued at $6,330,000 after buying an additional 27,493 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PPG shares. UBS Group cut their target price on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Citigroup cut their price objective on PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. BNP Paribas Exane lifted their price objective on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $126.00.

PPG Industries Stock Down 0.8%

NYSE PPG opened at $113.18 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a 50-day simple moving average of $117.60 and a 200 day simple moving average of $114.06. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The stock has a market cap of $25.16 billion, a PE ratio of 16.21, a PEG ratio of 1.66 and a beta of 1.07.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts forecast that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio is presently 42.41%.

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.