PPG Industries, Inc. $PPG Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 321.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,287,261 shares of the specialty chemicals company’s stock after purchasing an additional 1,744,528 shares during the quarter. First Trust Advisors LP’s holdings in PPG Industries were worth $244,462,000 as of its most recent SEC filing.

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

PPG Industries Stock Up 1.5%

PPG opened at $117.40 on Thursday. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The business has a 50 day moving average price of $115.36 and a two-hundred day moving average price of $113.21. 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 company has a market cap of $26.17 billion, a PE ratio of 16.75, a P/E/G ratio of 1.67 and a beta of 1.05.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts anticipate that PPG Industries, Inc. will post 7.94 EPS for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be issued a dividend of $0.74 per share. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio is 40.51%.

Analyst Ratings Changes

PPG has been the topic of several research reports. Mizuho raised their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wells Fargo & Company dropped their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $127.00 to $134.00 in a research note on Friday, July 17th. The Goldman Sachs Group lowered their target price on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Finally, BMO Capital Markets cut their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $126.13.

PPG Industries Company 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.