Kestra Private Wealth Services LLC Acquires 8,253 Shares of PPG Industries, Inc. $PPG

Kestra Private Wealth Services LLC lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 65.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,826 shares of the specialty chemicals company’s stock after buying an additional 8,253 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in PPG Industries were worth $2,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares during the period. Empowered Funds LLC raised its stake in shares of PPG Industries by 6.1% during the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after purchasing an additional 1,526 shares during the period. Woodline Partners LP lifted its holdings in PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in PPG Industries by 6.2% in the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after purchasing an additional 371 shares during the period. 81.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PPG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. The Goldman Sachs Group cut their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Jefferies Financial Group reduced their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. UBS Group upped their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Citigroup increased their target price on shares of PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $123.73.

PPG Industries Trading Down 0.0%

Shares of PPG stock opened at $123.23 on Monday. The business has a 50-day moving average price of $112.11 and a two-hundred day moving average price of $111.22. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm has a market cap of $27.47 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 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.