Vaughan David Investments LLC IL Has $30.26 Million Position in PPG Industries, Inc. $PPG

Vaughan David Investments LLC IL cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 295,366 shares of the specialty chemicals company’s stock after selling 5,900 shares during the quarter. Vaughan David Investments LLC IL’s holdings in PPG Industries were worth $30,263,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nvest Wealth Strategies Inc. acquired a new position in shares of PPG Industries during the 4th quarter worth approximately $505,000. First Eagle Investment Management LLC increased its holdings in shares of PPG Industries by 12.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after acquiring an additional 703,549 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PPG Industries by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock worth $317,421,000 after acquiring an additional 43,702 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after acquiring an additional 231,537 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PPG. Wells Fargo & Company reduced their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. UBS Group boosted their price target on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Mizuho boosted their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reduced their price target on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Stock Performance

PPG opened at $118.48 on Friday. The business has a fifty day simple moving average of $109.29 and a 200 day simple moving average of $109.68. The company has a market capitalization of $26.41 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion during 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 company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts expect that PPG Industries, Inc. will post 7.92 EPS for the current year.

PPG Industries Dividend Announcement

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