Elo Mutual Pension Insurance Co Purchases 8,210 Shares of PPG Industries, Inc. $PPG

Elo Mutual Pension Insurance Co grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 32.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,850 shares of the specialty chemicals company’s stock after buying an additional 8,210 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in PPG Industries were worth $3,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPG. Walnut Level Capital LLC raised its position in shares of PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after buying an additional 20,000 shares during the period. GAM Holding AG raised its position in PPG Industries by 97.5% in the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock valued at $2,237,000 after purchasing an additional 10,508 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of PPG Industries in the 3rd quarter valued at $16,245,000. Empower Advisory Group LLC grew its holdings in shares of PPG Industries by 9.3% during the 2nd quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock worth $8,787,000 after purchasing an additional 6,559 shares during the period. Finally, Strs Ohio grew its holdings in shares of PPG Industries by 30.1% during the 3rd quarter. Strs Ohio now owns 125,434 shares of the specialty chemicals company’s stock worth $13,184,000 after purchasing an additional 29,031 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Down 0.8%

PPG opened at $118.29 on Wednesday. The business has a fifty day moving average price of $115.75 and a 200 day moving average price of $107.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43. The stock has a market capitalization of $26.44 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.79 and a beta of 1.15.

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

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Insider Transactions at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the sale, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 118,811 shares of company stock valued at $15,219,371. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. BNP Paribas Exane reduced their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Jefferies Financial Group lifted their target price on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Finally, Citigroup upped their price target on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.93.

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.