Elevation Point Wealth Partners LLC Purchases Shares of 27,560 PPG Industries, Inc. $PPG

Elevation Point Wealth Partners LLC acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,560 shares of the specialty chemicals company’s stock, valued at approximately $3,343,000.

Several other hedge funds also recently made changes to their positions in the business. CNB Bank raised its holdings in shares of PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc boosted its holdings in PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares in the last quarter. Evolve Private Wealth LLC boosted its holdings in PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 92 shares in the last quarter. Insigneo Advisory Services LLC grew its position in PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in PPG Industries by 1.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock worth $874,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PPG. Royal Bank Of Canada dropped their price target on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Wall Street Zen lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Mizuho upped their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Stock Up 1.2%

PPG stock opened at $113.81 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $25.30 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The company’s 50 day simple moving average is $117.31 and its 200-day simple moving average is $114.01.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the business posted $2.22 EPS. The company’s revenue for the quarter 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 research analysts anticipate that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s payout ratio is 42.41%.

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.