Anne Foulkes Sells 3,594 Shares of PPG Industries (NYSE:PPG) Stock

PPG Industries, Inc. (NYSE:PPG) VP Anne Foulkes sold 3,594 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the transaction, the vice president directly owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PPG Industries Price Performance

PPG opened at $122.98 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock has a market capitalization of $27.49 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. The company’s 50 day simple moving average is $114.30 and its 200-day simple moving average is $107.48. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is 40.92%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research reports. BNP Paribas Exane lowered their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Royal Bank Of Canada boosted their price target on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Berenberg Bank dropped their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Hold” and a consensus price target of $125.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in PPG Industries by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 21,924 shares of the specialty chemicals company’s stock valued at $2,246,000 after purchasing an additional 3,910 shares in the last quarter. Kera Capital Partners Inc. grew its holdings in shares of PPG Industries by 17.9% in the 4th quarter. Kera Capital Partners Inc. now owns 2,449 shares of the specialty chemicals company’s stock valued at $251,000 after buying an additional 371 shares during the period. Cambient Family Office LLC bought a new stake in shares of PPG Industries in the 4th quarter valued at $410,000. Compound Planning Inc. bought a new stake in shares of PPG Industries in the 4th quarter valued at $2,012,000. Finally, Invesco Ltd. lifted its holdings in PPG Industries by 5.9% during the fourth quarter. Invesco Ltd. now owns 3,597,874 shares of the specialty chemicals company’s stock worth $368,638,000 after acquiring an additional 199,361 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

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.