Public Employees Retirement System of Ohio Grows Stock Holdings in PPG Industries, Inc. $PPG

Public Employees Retirement System of Ohio raised its holdings in PPG Industries, Inc. (NYSE:PPG) by 85.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 125,563 shares of the specialty chemicals company’s stock after acquiring an additional 57,940 shares during the period. Public Employees Retirement System of Ohio’s holdings in PPG Industries were worth $13,420,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nvest Wealth Strategies Inc. acquired a new position in shares of PPG Industries during the 4th quarter valued at about $505,000. Cooke & Bieler LP boosted its position in shares of PPG Industries by 16.7% in the fourth quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after acquiring an additional 231,537 shares during the last quarter. Equity Investment Corp grew its holdings in PPG Industries by 3.4% in the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock valued at $101,981,000 after purchasing an additional 32,337 shares during the period. Entropy Technologies LP increased its position in PPG Industries by 80.2% during the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock worth $6,330,000 after purchasing an additional 27,493 shares during the last quarter. Finally, UBS Group AG increased its position in PPG Industries by 15.0% during the fourth quarter. UBS Group AG now owns 1,172,231 shares of the specialty chemicals company’s stock worth $120,107,000 after purchasing an additional 152,779 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PPG shares. BMO Capital Markets decreased their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Citigroup increased their target price on PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Wall Street Zen raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Mizuho increased their target price on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.13.

PPG Industries Trading Up 0.1%

Shares of PPG opened at $116.11 on Monday. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The stock’s 50-day moving average is $115.78 and its two-hundred day moving average is $113.35. 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 stock has a market cap of $25.88 billion, a PE ratio of 16.56, a P/E/G ratio of 1.71 and a beta of 1.05.

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

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 10th. 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.