Cookson Peirce & Co. Inc. Has $880,000 Stake in PPG Industries, Inc. $PPG

Cookson Peirce & Co. Inc. raised its stake in PPG Industries, Inc. (NYSE:PPG) by 201.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,371 shares of the specialty chemicals company’s stock after buying an additional 5,598 shares during the period. Cookson Peirce & Co. Inc.’s holdings in PPG Industries were worth $880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PPG. Lazard Asset Management LLC boosted its holdings in PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 97 shares during the last quarter. G&S Capital LLC increased its position in shares of PPG Industries by 1.9% during the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock worth $591,000 after buying an additional 104 shares during the period. Columbia Bank raised its stake in PPG Industries by 1.0% during the third quarter. Columbia Bank now owns 10,951 shares of the specialty chemicals company’s stock worth $1,090,000 after buying an additional 106 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in PPG Industries by 0.5% in the second quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after buying an additional 107 shares during the period. Finally, Groupe la Francaise lifted its holdings in PPG Industries by 8.9% in the second quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the subject of several research analyst reports. Evercore lowered their price objective on PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. Jefferies Financial Group lifted their target price on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Citigroup boosted their price target on PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, BNP Paribas Exane reduced their price objective on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $124.79.

PPG Industries Trading Down 0.2%

Shares of PPG Industries stock opened at $131.26 on Friday. The stock has a market capitalization of $29.45 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The stock has a 50 day moving average price of $110.40 and a two-hundred day moving average price of $106.35. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 20th. PPG Industries’s payout ratio is presently 40.92%.

Insider Activity at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. This represents a 51.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,122 shares of company stock worth $4,541,078. 0.33% of the stock is owned by company insiders.

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.