Cooke & Bieler LP Purchases 231,537 Shares of PPG Industries, Inc. $PPG

Cooke & Bieler LP grew its position in PPG Industries, Inc. (NYSE:PPG) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,616,672 shares of the specialty chemicals company’s stock after buying an additional 231,537 shares during the quarter. PPG Industries accounts for approximately 1.7% of Cooke & Bieler LP’s investment portfolio, making the stock its 12th biggest holding. Cooke & Bieler LP’s holdings in PPG Industries were worth $165,644,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PPG. Brighton Jones LLC lifted its holdings in shares of PPG Industries by 9.1% in the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in PPG Industries by 6.2% during the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after acquiring an additional 371 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho upped their target price on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group dropped their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Wells Fargo & Company dropped their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus target price of $121.79.

PPG Industries Price Performance

Shares of NYSE PPG opened at $107.90 on Monday. The business’s 50 day moving average price is $106.45 and its two-hundred day moving average price is $108.03. The company has a market cap of $24.05 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43.

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

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s payout ratio is 40.51%.

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.