Sanctuary Advisors LLC Acquires New Holdings in PPG Industries, Inc. $PPG

Sanctuary Advisors LLC bought a new stake in PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,073 shares of the specialty chemicals company’s stock, valued at approximately $2,556,000.

A number of other large investors have also added to or reduced their stakes in PPG. Meeder Asset Management Inc. purchased a new position in PPG Industries in the second quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of PPG Industries during the 2nd quarter valued at $28,000. Silvant Capital Management LLC acquired a new stake in shares of PPG Industries in the 2nd quarter worth $30,000. Quarry LP acquired a new stake in shares of PPG Industries in the 3rd quarter worth $26,000. Finally, Resources Management Corp CT ADV grew its stake in PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Performance

Shares of PPG opened at $113.68 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a 50-day moving average of $117.01 and a two-hundred day moving average of $113.86. The stock has a market cap of $25.27 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.64 and a beta of 1.07. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43.

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

PPG Industries Increases Dividend

The firm 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 dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 42.41%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. BNP Paribas Exane raised their price target on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price target on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Mizuho upped their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.