Nisa Investment Advisors LLC Buys 6,532 Shares of PPG Industries, Inc. $PPG

Nisa Investment Advisors LLC grew its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 14.8% in the 4th quarter, HoldingsChannel reports. The fund owned 50,606 shares of the specialty chemicals company’s stock after purchasing an additional 6,532 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PPG Industries were worth $5,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of PPG Industries by 19.9% in the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the last quarter. State Street Corp lifted its holdings in PPG Industries by 6.3% during the 2nd quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock worth $1,436,074,000 after purchasing an additional 749,081 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after purchasing an additional 703,549 shares during the period. Franklin Resources Inc. boosted its stake in PPG Industries by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after purchasing an additional 1,326,619 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in PPG Industries by 15.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock valued at $414,779,000 after buying an additional 535,095 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sanford C. Bernstein increased their price objective on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Bank of America decreased their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their price target on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. The Goldman Sachs Group lifted their price objective on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries has a consensus rating of “Hold” and a consensus target price of $120.50.

Insider Buying and Selling

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

PPG Industries Stock Performance

NYSE PPG opened at $103.31 on Friday. The firm’s 50 day simple moving average is $114.89 and its 200 day simple moving average is $106.82. The firm has a market capitalization of $23.12 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.61 and a beta of 1.16. 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, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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 net margin of 9.93% and a return on equity of 22.30%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The firm’s revenue for the quarter was up 5.0% 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 expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. PPG Industries’s payout ratio is 40.92%.

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.