Prospector Partners LLC Trims Stock Position in PPG Industries, Inc. $PPG

Prospector Partners LLC trimmed its holdings in PPG Industries, Inc. (NYSE:PPG) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 130,717 shares of the specialty chemicals company’s stock after selling 6,417 shares during the period. PPG Industries makes up about 1.6% of Prospector Partners LLC’s holdings, making the stock its 22nd largest holding. Prospector Partners LLC’s holdings in PPG Industries were worth $13,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the 3rd quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its position in shares of PPG Industries by 100.7% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. Rothschild Investment LLC increased its position in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of PPG Industries in the 3rd quarter worth approximately $30,000. Finally, Addison Advisors LLC boosted its position in shares of 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 purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.7%

NYSE PPG opened at $128.24 on Thursday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The firm has a 50 day moving average of $112.17 and a two-hundred day moving average of $106.82. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $28.78 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16.

PPG Industries (NYSE:PPG) last released its quarterly earnings data 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). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

Insider Activity at PPG Industries

In related news, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction 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 transaction, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This trade represents a 20.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 115,217 shares of company stock valued at $14,771,523. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PPG has been the topic of a number of research reports. Berenberg Bank decreased their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. Sanford C. Bernstein increased their target price on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. UBS Group lifted their target price on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Citigroup increased their price target on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $124.79.

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.