Regents Gate Capital LLP Sells 24,072 Shares of PPG Industries, Inc. $PPG

Regents Gate Capital LLP lowered its holdings in PPG Industries, Inc. (NYSE:PPG) by 23.3% during the 4th quarter, Holdings Channel reports. The firm owned 79,190 shares of the specialty chemicals company’s stock after selling 24,072 shares during the period. PPG Industries makes up about 2.6% of Regents Gate Capital LLP’s investment portfolio, making the stock its 19th largest holding. Regents Gate Capital LLP’s holdings in PPG Industries were worth $8,114,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PPG. Dorato Capital Management purchased a new stake in PPG Industries in the fourth quarter worth $26,000. Quarry LP purchased a new stake in PPG Industries during the third quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in PPG Industries during the fourth quarter worth about $51,000. Entrust Financial LLC bought a new position in PPG Industries in the 4th quarter worth approximately $55,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in PPG Industries by 226.7% during the 4th quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 433 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on PPG shares. The Goldman Sachs Group reduced their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Jefferies Financial Group lowered their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Citigroup increased their price target on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 price target on shares of PPG Industries in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $121.79.

PPG Industries Stock Up 4.9%

Shares of PPG Industries stock opened at $118.48 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The company’s 50 day moving average price is $109.29 and its 200-day moving average price is $109.68. The stock has a market capitalization of $26.41 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.65 and a beta of 1.06.

PPG Industries (NYSE:PPG) last posted its quarterly 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. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts forecast that PPG Industries, Inc. will post 7.92 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is currently 40.51%.

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.