Mediolanum International Funds Ltd Makes New $2.56 Million Investment in PPG Industries, Inc. $PPG

Mediolanum International Funds Ltd bought a new stake in PPG Industries, Inc. (NYSE:PPG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,612 shares of the specialty chemicals company’s stock, valued at approximately $2,555,000.

A number of other hedge funds also recently modified their holdings of the business. CNB Bank lifted its holdings in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc grew its position in shares of PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. increased its stake in PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after purchasing an additional 89 shares in the last quarter. Evolve Private Wealth LLC increased its stake in PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PPG. Royal Bank Of Canada upped their price target on shares of PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. 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. Bank of America raised shares of PPG Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. Finally, Jefferies Financial Group dropped their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.13.

PPG Industries Stock Performance

Shares of PPG stock opened at $115.67 on Wednesday. The stock has a market cap of $25.78 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.67 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. The company has a fifty day moving average price of $115.13 and a two-hundred day moving average price of $113.10. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for 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%. PPG Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts predict that PPG Industries, Inc. will post 7.94 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.23%.

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.