Morningstar Investment Management LLC Has $4.08 Million Position in PPG Industries, Inc. $PPG

Morningstar Investment Management LLC boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 20.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,776 shares of the specialty chemicals company’s stock after purchasing an additional 6,846 shares during the period. Morningstar Investment Management LLC’s holdings in PPG Industries were worth $4,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in shares of PPG Industries by 306.2% in the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after acquiring an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP lifted its holdings in PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after buying an additional 2,521,004 shares during the period. Franklin Resources Inc. lifted its holdings in PPG Industries by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock worth $493,542,000 after buying an additional 1,326,619 shares during the period. First Eagle Investment Management LLC lifted its holdings in PPG Industries by 12.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after buying an additional 703,549 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in PPG Industries during the 3rd quarter worth about $70,096,000. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Performance

PPG stock opened at $107.90 on Monday. The stock has a 50-day moving average price of $106.45 and a 200-day moving average price of $108.03. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm has a market cap of $24.05 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio is 40.51%.

Wall Street Analyst Weigh In

PPG has been the topic of several recent research reports. Citigroup lifted their target price on PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Jefferies Financial Group lowered their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Evercore lifted their price objective on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lowered their price objective on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, UBS Group lifted their price objective on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.79.

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.