PPG Industries, Inc. $PPG Stock Holdings Boosted by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its position in shares of PPG Industries, Inc. (NYSE:PPG) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 606,938 shares of the specialty chemicals company’s stock after purchasing an additional 20,330 shares during the quarter. PPG Industries comprises 1.0% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 24th largest holding. Thompson Siegel & Walmsley LLC’s holdings in PPG Industries were worth $62,187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dorato Capital Management bought a new position in PPG Industries during the 4th quarter valued at $26,000. Quarry LP bought a new position in PPG Industries during the 3rd quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new position in PPG Industries during the 4th quarter valued at $51,000. Entrust Financial LLC bought a new position in PPG Industries during the 4th quarter valued at $55,000. Finally, Cornerstone Planning Group LLC boosted its stake in PPG Industries by 2,500.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock valued at $60,000 after purchasing an additional 550 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $113.05 on Monday. 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 stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. The stock’s fifty day simple moving average is $107.36 and its 200 day simple moving average is $108.58. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43.

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

PPG Industries Announces Dividend

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

Analyst Ratings Changes

PPG has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPG Industries in a research note on Monday, May 11th. Royal Bank Of Canada increased their price target on PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. Mizuho increased their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft increased their price target on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Finally, UBS Group lifted their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.79.

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.