Pictet Asset Management Holding SA Has $13.66 Million Position in PPG Industries, Inc. $PPG

Pictet Asset Management Holding SA lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,848 shares of the specialty chemicals company’s stock after selling 4,392 shares during the period. Pictet Asset Management Holding SA owned 0.06% of PPG Industries worth $13,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Realta Investment Advisors acquired a new stake in shares of PPG Industries during the 1st quarter worth about $929,000. Venturi Wealth Management LLC grew its stake in PPG Industries by 43.2% in the 1st quarter. Venturi Wealth Management LLC now owns 2,824 shares of the specialty chemicals company’s stock valued at $302,000 after buying an additional 852 shares during the last quarter. Corecam AG bought a new position in PPG Industries in the 1st quarter valued at about $212,000. GHP Investment Advisors Inc. bought a new position in PPG Industries in the 1st quarter valued at about $175,000. Finally, Aaron Wealth Advisors LLC lifted its position in PPG Industries by 34.9% during the first quarter. Aaron Wealth Advisors LLC now owns 3,224 shares of the specialty chemicals company’s stock worth $345,000 after acquiring an additional 834 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PPG has been the subject of a number of research analyst reports. BNP Paribas Exane boosted their price objective on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. BMO Capital Markets lifted their price target on PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft boosted their price target on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Jefferies Financial Group lowered their price objective on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, The Goldman Sachs Group dropped their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $124.40.

PPG Industries Stock Up 2.2%

Shares of PPG opened at $125.30 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The firm’s 50 day moving average is $112.85 and its 200-day moving average is $111.81. The stock has a market capitalization of $27.93 billion, a PE ratio of 17.87, a P/E/G ratio of 1.79 and a beta of 1.05.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.85 billion. During the same period in the previous year, the company posted $1.72 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that PPG Industries, Inc. will post 7.92 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s dividend payout ratio is 40.51%.

About PPG Industries

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.