Jain Global LLC Takes Position in PPG Industries, Inc. $PPG

Jain Global LLC bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 74,229 shares of the specialty chemicals company’s stock, valued at approximately $7,802,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries in the third quarter valued at $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in 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 worth $31,000 after purchasing an additional 137 shares in the last quarter. Rothschild Investment LLC lifted its position 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 worth $32,000 after purchasing an additional 184 shares during the period. Root Financial Partners LLC purchased a new stake in shares of PPG Industries in the 3rd quarter worth about $30,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of PPG Industries by 366.4% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the specialty chemicals company’s stock valued at $62,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of PPG opened at $103.49 on Tuesday. The stock has a market cap of $23.16 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $133.43. The firm’s 50-day simple moving average is $116.29 and its two-hundred day simple moving average is $107.41.

PPG Industries (NYSE:PPG) last released its 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 for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were paid a dividend of $0.71 per share. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PPG. Bank of America decreased their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Citigroup upped their target price on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada increased their target price on PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 29th. Berenberg Bank lowered their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. Finally, KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.93.

Insiders Place Their Bets

In other news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares of the company’s stock, valued at $979,856.43. The trade was a 20.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders have sold 118,811 shares of company stock valued at $15,219,371. 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.