Deutsche Bank AG Takes $135.49 Million Position in PPG Industries, Inc. $PPG

Deutsche Bank AG purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,117,111 shares of the specialty chemicals company’s stock, valued at approximately $135,494,000.

Other hedge funds have also recently made changes to their positions in the company. Resources Management Corp CT ADV boosted its holdings in PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Quarry LP purchased a new stake in PPG Industries during the 3rd quarter valued at $26,000. Aster Capital Management DIFC Ltd bought a new position in shares of PPG Industries during the 4th quarter valued at $30,000. Essential Partners LLC lifted its holdings in shares of PPG Industries by 59.3% during the 1st quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 112 shares during the period. Finally, DV Equities LLC purchased a new position in shares of PPG Industries in the 4th quarter worth $32,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 1.0%

Shares of PPG stock opened at $113.99 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $25.34 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.64 and a beta of 1.07. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The firm has a fifty day moving average price of $117.54 and a 200-day moving average price of $114.03.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a $0.74 dividend. The ex-dividend date is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. PPG Industries’s dividend payout ratio (DPR) is currently 42.41%.

Analysts Set New Price Targets

PPG has been the subject of several research analyst reports. UBS Group cut their price objective on PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Citigroup lowered their target price on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. BMO Capital Markets dropped their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada cut their price target on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPG Industries presently has a consensus rating of “Hold” and an average price target of $126.00.

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.