Entropy Technologies LP Purchases New Stake in PPG Industries, Inc. $PPG

Entropy Technologies LP acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,291 shares of the specialty chemicals company’s stock, valued at approximately $3,604,000.

Several other hedge funds also recently added to or reduced their stakes in PPG. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of PPG Industries in the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in PPG Industries in the third quarter worth about $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 137 shares during the last quarter. Rothschild Investment LLC increased its holdings in PPG Industries by 184.0% in the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in PPG Industries during the third quarter valued at approximately $57,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. The trade was a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 in the last quarter. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Citigroup raised their price objective on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Berenberg Bank decreased their price objective on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, December 4th. Evercore increased their target price on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.93.

PPG Industries Trading Down 3.3%

NYSE:PPG opened at $100.67 on Friday. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The firm has a market capitalization of $22.53 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The business has a 50 day simple moving average of $116.37 and a 200 day simple moving average of $107.61.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. PPG Industries’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. Equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were given a dividend of $0.71 per share. The ex-dividend date was Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. PPG Industries’s dividend payout ratio is currently 40.92%.

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.