Ilmarinen Mutual Pension Insurance Co Sells 12,000 Shares of PPG Industries, Inc. $PPG

Ilmarinen Mutual Pension Insurance Co lowered its position in PPG Industries, Inc. (NYSE:PPG) by 24.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,500 shares of the specialty chemicals company’s stock after selling 12,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in PPG Industries were worth $3,740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPG. Savant Capital LLC grew its position in PPG Industries by 8.4% during the fourth quarter. Savant Capital LLC now owns 16,638 shares of the specialty chemicals company’s stock valued at $1,705,000 after acquiring an additional 1,285 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of PPG Industries by 13.0% during the fourth quarter. Intech Investment Management LLC now owns 9,716 shares of the specialty chemicals company’s stock valued at $996,000 after buying an additional 1,117 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PPG Industries by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,809,127 shares of the specialty chemicals company’s stock valued at $592,859,000 after buying an additional 135,529 shares during the last quarter. Strategic Financial Services Inc. bought a new position in shares of PPG Industries in the fourth quarter worth approximately $172,000. Finally, Integrity Alliance LLC. bought a new position in shares of PPG Industries in the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Jefferies Financial Group cut their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. cut their price target on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. BNP Paribas Exane lifted their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Evercore lifted their price objective on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $121.79.

PPG Industries Stock Performance

PPG Industries stock opened at $113.05 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $25.20 billion, a P/E ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. The stock’s 50 day moving average is $107.36 and its 200 day moving average is $108.49. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts predict that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a $0.71 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s payout ratio is presently 40.51%.

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.