National Pension Service Increases Stake in PPG Industries, Inc. $PPG

National Pension Service increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 355,854 shares of the specialty chemicals company’s stock after acquiring an additional 2,590 shares during the quarter. National Pension Service owned approximately 0.16% of PPG Industries worth $40,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of PPG Industries by 5.6% in the 1st quarter. Wellington Management Group LLP now owns 11,159,203 shares of the specialty chemicals company’s stock worth $1,220,259,000 after purchasing an additional 592,152 shares during the period. First Eagle Investment Management LLC raised its stake in PPG Industries by 21.2% in the second quarter. First Eagle Investment Management LLC now owns 5,560,280 shares of the specialty chemicals company’s stock worth $632,482,000 after buying an additional 971,799 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in PPG Industries by 58.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,797,682 shares of the specialty chemicals company’s stock worth $524,627,000 after buying an additional 1,766,518 shares during the period. Dimensional Fund Advisors LP boosted its position in PPG Industries by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,274 shares of the specialty chemicals company’s stock valued at $321,147,000 after acquiring an additional 105,973 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PPG Industries by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,734,270 shares of the specialty chemicals company’s stock valued at $298,992,000 after acquiring an additional 85,891 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PPG has been the subject of a number of analyst reports. Zacks Research cut PPG Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Bank of America decreased their price target on shares of PPG Industries from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup lowered their price target on shares of PPG Industries from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, October 6th. UBS Group cut their price objective on shares of PPG Industries from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PPG Industries presently has an average rating of “Hold” and a consensus target price of $123.18.

PPG Industries Stock Performance

PPG opened at $97.04 on Friday. The company has a market cap of $21.78 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $102.72 and its 200-day moving average price is $108.63. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $130.05.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.04. PPG Industries had a net margin of 6.35% and a return on equity of 24.17%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $2.13 EPS. PPG Industries’s revenue for the quarter was up 1.2% on a year-over-year basis. PPG Industries has set its FY 2025 guidance at 7.600-7.700 EPS. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. PPG Industries’s payout ratio is 64.40%.

PPG Industries Company Profile

PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.