Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in PPG Industries, Inc. $PPG

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 1st quarter, HoldingsChannel reports. The firm purchased 10,255 shares of the specialty chemicals company’s stock, valued at approximately $1,096,000.

Other hedge funds have also modified their holdings of the company. Dorato Capital Management purchased a new position in shares of PPG Industries in the fourth quarter worth about $26,000. Quarry LP acquired a new stake in shares of PPG Industries during the third quarter worth about $26,000. Resources Management Corp CT ADV boosted its position in PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in PPG Industries in the fourth quarter valued at approximately $30,000. Finally, DV Equities LLC acquired a new position in PPG Industries in the 4th quarter worth approximately $32,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on shares of PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. BMO Capital Markets increased their price objective on shares of PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Mizuho raised their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.40.

PPG Industries Trading Down 0.0%

Shares of NYSE:PPG opened at $125.30 on Friday. The business’s 50 day moving average price is $113.12 and its 200-day moving average price is $111.91. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts forecast that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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