PPG Industries (NYSE:PPG) VP Sells $447,848.34 in Stock

PPG Industries, Inc. (NYSE:PPG) VP Anne Foulkes sold 3,594 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PPG Industries Stock Up 0.3%

PPG stock opened at $123.47 on Friday. The firm has a market cap of $27.59 billion, a PE ratio of 17.79, a PEG ratio of 1.85 and a beta of 1.16. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The company has a fifty day simple moving average of $114.72 and a 200 day simple moving average of $107.59. 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 earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, February 20th. PPG Industries’s payout ratio is 40.92%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PPG shares. Jefferies Financial Group lifted their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. BNP Paribas Exane dropped their target price on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. UBS Group upped their price target on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Mizuho raised their price target on PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Bank of America cut their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.93.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Walnut Level Capital LLC grew its holdings in PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after acquiring an additional 20,000 shares during the period. GAM Holding AG grew its stake in shares of PPG Industries by 97.5% during the third 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. Rakuten Investment Management Inc. bought a new stake in PPG Industries in the third quarter valued at about $16,245,000. Empower Advisory Group LLC lifted its stake in PPG Industries by 9.3% in the second quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock valued at $8,787,000 after buying an additional 6,559 shares during the period. Finally, Strs Ohio boosted its holdings in PPG Industries by 30.1% during the third quarter. Strs Ohio now owns 125,434 shares of the specialty chemicals company’s stock worth $13,184,000 after buying an additional 29,031 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

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.