US Bancorp DE Has $14.75 Million Position in PPG Industries, Inc. $PPG

US Bancorp DE trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,357 shares of the specialty chemicals company’s stock after selling 13,118 shares during the period. US Bancorp DE’s holdings in PPG Industries were worth $14,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries in the third quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 137 shares during the period. Rothschild Investment LLC grew its holdings in shares of PPG Industries by 184.0% in the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 184 shares during the period. Root Financial Partners LLC bought a new stake in shares of PPG Industries in the 3rd quarter valued at $30,000. Finally, Addison Advisors LLC raised its stake in PPG Industries by 1,515.8% during the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 288 shares during the period. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. BNP Paribas Exane lowered their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Mizuho raised their target price on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, UBS Group upped their price target on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.93.

PPG Industries Stock Performance

Shares of PPG stock opened at $123.15 on Friday. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43. The company’s fifty day simple moving average is $115.12 and its 200-day simple moving average is $107.70. The firm has a market cap of $27.52 billion, a PE ratio of 17.74, a P/E/G ratio of 1.85 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio is presently 40.92%.

Insider Activity at PPG Industries

In other news, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 118,811 shares of company stock valued at $15,219,371. Insiders own 0.33% of the company’s stock.

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.