Munich Reinsurance Co Stock Corp in Munich Invests $70.10 Million in PPG Industries, Inc. $PPG

Munich Reinsurance Co Stock Corp in Munich bought a new stake in PPG Industries, Inc. (NYSE:PPG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 666,883 shares of the specialty chemicals company’s stock, valued at approximately $70,096,000. PPG Industries accounts for about 1.8% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its stake in shares of PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 97 shares in the last quarter. G&S Capital LLC raised its stake in shares of PPG Industries by 1.9% during the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after purchasing an additional 104 shares in the last quarter. Columbia Bank lifted its holdings in PPG Industries by 1.0% in the third quarter. Columbia Bank now owns 10,951 shares of the specialty chemicals company’s stock worth $1,090,000 after purchasing an additional 106 shares during the period. Citizens Financial Group Inc. RI increased its stake in PPG Industries by 0.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after buying an additional 107 shares during the period. Finally, Groupe la Francaise raised its position in shares of PPG Industries by 8.9% during the 2nd quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock worth $148,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $106.74 on Friday. The company’s fifty day moving average is $116.25 and its two-hundred day moving average is $107.83. The company has a market cap of $23.86 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.15. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. 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 for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s payout ratio is presently 40.92%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PPG shares. Citigroup increased their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Bank of America dropped their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. Sanford C. Bernstein raised their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, UBS Group lifted their price target on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. One 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 company. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $125.93.

Insiders Place Their Bets

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This trade represents a 18.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the company’s 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. Insiders sold a total of 118,811 shares of company stock worth $15,219,371 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

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.