Simplicity Wealth LLC Acquires Shares of 5,063 PPG Industries, Inc. $PPG

Simplicity Wealth LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,063 shares of the specialty chemicals company’s stock, valued at approximately $614,000.

A number of other institutional investors have also made changes to their positions in PPG. Resources Management Corp CT ADV boosted its position in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Quarry LP bought a new stake in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Aster Capital Management DIFC Ltd acquired a new stake in PPG Industries in the fourth quarter valued at $30,000. Essential Partners LLC grew its holdings in PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 112 shares during the period. Finally, DV Equities LLC acquired a new position in shares of PPG Industries during the 4th quarter worth approximately $32,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Price Performance

Shares of NYSE PPG opened at $113.18 on Tuesday. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm’s 50-day simple moving average is $117.60 and its 200 day simple moving average is $114.06.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period in the prior year, the firm posted $2.22 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. 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 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio is 42.41%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Citigroup reduced their price objective on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. UBS Group cut their target price on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Finally, BNP Paribas Exane increased their target price on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.00.

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.