Banque Cantonale Vaudoise Sells 5,871 Shares of PPG Industries, Inc. $PPG

Banque Cantonale Vaudoise lessened its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 40.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,504 shares of the specialty chemicals company’s stock after selling 5,871 shares during the period. Banque Cantonale Vaudoise’s holdings in PPG Industries were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PPG. Dorato Capital Management bought a new stake in shares of PPG Industries in the 4th quarter worth $26,000. Quarry LP bought a new stake in shares of PPG Industries in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new stake in shares of PPG Industries in the 3rd quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of PPG Industries in the 4th quarter worth $51,000. Finally, Entrust Financial LLC bought a new stake in shares of PPG Industries in the 4th quarter worth $55,000. Institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PPG. Jefferies Financial Group reduced their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Zacks Research upgraded shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. The Goldman Sachs Group reduced their price target on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. Finally, Mizuho increased their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.79.

PPG Industries Stock Up 1.2%

PPG stock opened at $107.90 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $106.45 and its 200 day moving average is $107.94. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the business earned $1.72 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts predict that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

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.