Monte Financial Group LLC Buys 5,844 Shares of PPG Industries, Inc. $PPG

Monte Financial Group LLC lifted its holdings in PPG Industries, Inc. (NYSE:PPG) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,896 shares of the specialty chemicals company’s stock after purchasing an additional 5,844 shares during the period. PPG Industries comprises 1.8% of Monte Financial Group LLC’s holdings, making the stock its 27th biggest position. Monte Financial Group LLC’s holdings in PPG Industries were worth $4,805,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its position in shares of PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after purchasing an additional 703,549 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of PPG Industries by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock worth $317,421,000 after purchasing an additional 43,702 shares during the period. Walnut Level Capital LLC lifted its position in shares of PPG Industries by 46.8% in the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after purchasing an additional 20,000 shares during the period. GAM Holding AG lifted its position in shares of PPG Industries by 97.5% in the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 10,508 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PPG shares. BNP Paribas Exane lowered their price target 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. JPMorgan Chase & Co. increased their target price on shares of PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. UBS Group decreased their price objective on PPG Industries from $122.00 to $110.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, Citigroup reiterated a “neutral” rating and set a $113.00 price objective (down from $132.00) on shares of PPG Industries in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, PPG Industries has a consensus rating of “Hold” and an average target price of $120.50.

Insider Activity at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold 118,811 shares of company stock worth $15,219,371 over the last three months. Company insiders own 0.33% of the company’s stock.

PPG Industries Trading Up 7.9%

NYSE PPG opened at $110.36 on Thursday. The company has a fifty day simple moving average of $114.31 and a two-hundred day simple moving average of $106.70. The stock has a market cap of $24.70 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.56 and a beta of 1.16. PPG Industries, Inc. has a 12-month low of $90.97 and a 12-month high of $133.43. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82.

PPG Industries (NYSE:PPG) last posted its quarterly 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). The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. PPG Industries’s payout ratio is currently 40.92%.

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.