SG Americas Securities LLC Acquires 171,505 Shares of PPG Industries, Inc. $PPG

SG Americas Securities LLC boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 789.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,232 shares of the specialty chemicals company’s stock after purchasing an additional 171,505 shares during the quarter. SG Americas Securities LLC owned 0.09% of PPG Industries worth $19,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in PPG Industries by 6.6% during the 2nd quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 97 shares during the last quarter. G&S Capital LLC grew its holdings in PPG Industries by 1.9% in the 3rd quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock worth $591,000 after acquiring an additional 104 shares during the last quarter. Columbia Bank grew its holdings in PPG Industries by 1.0% in the 3rd quarter. Columbia Bank now owns 10,951 shares of the specialty chemicals company’s stock worth $1,090,000 after acquiring an additional 106 shares during the last quarter. Groupe la Francaise increased its position in shares of PPG Industries by 8.9% in the second quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock valued at $148,000 after acquiring an additional 107 shares during the period. Finally, Farmers Trust Co. increased its position in shares of PPG Industries by 0.7% in the third quarter. Farmers Trust Co. now owns 15,712 shares of the specialty chemicals company’s stock valued at $1,651,000 after acquiring an additional 115 shares during the period. Institutional investors own 81.86% of the company’s stock.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 118,811 shares of company stock worth $15,219,371. 0.33% of the stock is owned by insiders.

PPG Industries Trading Down 1.4%

Shares of NYSE PPG opened at $103.87 on Friday. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The firm has a 50-day moving average of $115.39 and a 200 day moving average of $106.96. The stock has a market cap of $23.25 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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 return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $1.61 EPS. PPG Industries’s revenue for the quarter 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. As a group, sell-side analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

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%.

Analyst Ratings Changes

PPG has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on PPG Industries from $115.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. UBS Group increased their price objective on PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. The Goldman Sachs Group lifted their price objective on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Berenberg Bank decreased their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, PPG Industries presently has an average rating of “Moderate Buy” and an average target price of $124.07.

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.