PPG Industries, Inc. $PPG Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in PPG Industries, Inc. (NYSE:PPG) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,338 shares of the specialty chemicals company’s stock after selling 6,586 shares during the quarter. Pacer Advisors Inc.’s holdings in PPG Industries were worth $1,639,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in PPG Industries by 133.4% during the 1st quarter. Parallel Advisors LLC now owns 2,245 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 1,283 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of PPG Industries by 68.9% in the 1st quarter. NewEdge Advisors LLC now owns 23,042 shares of the specialty chemicals company’s stock valued at $2,463,000 after purchasing an additional 9,397 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of PPG Industries by 59.7% in the 1st quarter. Asset Dedication LLC now owns 9,875 shares of the specialty chemicals company’s stock valued at $1,055,000 after purchasing an additional 3,692 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in shares of PPG Industries during the 1st quarter worth $3,519,000. Finally, Essential Partners LLC grew its stake in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $119.73 on Friday. The stock has a market capitalization of $26.62 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.74 and a beta of 1.07. The firm’s fifty day simple moving average is $117.37 and its 200-day simple moving average is $113.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter last year, the firm earned $2.22 EPS. The business’s revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. 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%. PPG Industries’s dividend payout ratio is presently 42.41%.

Analyst Ratings Changes

A number of analysts have weighed in on PPG shares. Citigroup cut their price target on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. BMO Capital Markets decreased their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. The Goldman Sachs Group dropped their price target on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Mizuho boosted their price objective 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. Finally, UBS Group dropped their target price on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries 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.