Commonwealth Equity Services LLC Sells 11,072 Shares of PPG Industries, Inc. $PPG

Commonwealth Equity Services LLC trimmed its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 20.5% in the 4th quarter, Holdings Channel reports. The firm owned 42,943 shares of the specialty chemicals company’s stock after selling 11,072 shares during the period. Commonwealth Equity Services LLC’s holdings in PPG Industries were worth $4,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Nvest Wealth Strategies Inc. bought a new position in shares of PPG Industries during the 4th quarter valued at $505,000. First Eagle Investment Management LLC lifted its holdings in shares of PPG Industries by 12.7% during 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 buying an additional 703,549 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PPG Industries by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock valued at $317,421,000 after buying an additional 43,702 shares during the period. Cooke & Bieler LP lifted its holdings in shares of PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after buying an additional 231,537 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of PPG Industries by 19.9% during the 3rd 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 buying an additional 2,521,004 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Evercore raised their target price on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. JPMorgan Chase & Co. dropped their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Mizuho raised their target price on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, BNP Paribas Exane boosted their target price on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, PPG Industries has an average rating of “Hold” and an average price target of $121.79.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $114.08 on Monday. The company has a market capitalization of $25.43 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $108.47 and its two-hundred day simple moving average is $109.14. 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 earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. PPG Industries’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts expect that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) 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.