TD Asset Management Inc Has $25 Million Stake in PPG Industries, Inc. $PPG

TD Asset Management Inc lifted its holdings in PPG Industries, Inc. (NYSE:PPG) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,871 shares of the specialty chemicals company’s stock after acquiring an additional 8,357 shares during the quarter. TD Asset Management Inc’s holdings in PPG Industries were worth $25,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mufg Securities Americas Inc. boosted its stake in PPG Industries by 21.0% in the third quarter. Mufg Securities Americas Inc. now owns 6,087 shares of the specialty chemicals company’s stock worth $640,000 after purchasing an additional 1,056 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in PPG Industries by 10.3% during the 3rd quarter. Dana Investment Advisors Inc. now owns 14,667 shares of the specialty chemicals company’s stock worth $1,542,000 after buying an additional 1,373 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in PPG Industries by 11.1% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 12,787 shares of the specialty chemicals company’s stock worth $1,344,000 after acquiring an additional 1,282 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in PPG Industries by 21.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,399 shares of the specialty chemicals company’s stock valued at $357,000 after acquiring an additional 607 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of PPG Industries by 14.4% in the third quarter. Personal CFO Solutions LLC now owns 3,211 shares of the specialty chemicals company’s stock worth $338,000 after acquiring an additional 404 shares during the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.3%

NYSE:PPG opened at $123.15 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The stock’s fifty day simple moving average is $115.12 and its 200-day simple moving average is $107.70. The firm has a market capitalization of $27.52 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.85 and a beta of 1.16.

PPG Industries (NYSE:PPG) last released its earnings results 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 analyst estimates of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is presently 40.92%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. JPMorgan Chase & Co. increased their price objective on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Evercore boosted their target price on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Berenberg Bank cut their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. Finally, Wells Fargo & Company lifted their price objective on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.93.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction dated 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 owned 8,477 shares of the company’s stock, valued at $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 118,811 shares of company stock worth $15,219,371. Company insiders own 0.33% of the company’s stock.

About PPG Industries

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.