Osmosis Investment Management UK Ltd Takes Position in PPG Industries, Inc. $PPG

Osmosis Investment Management UK Ltd bought a new position in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,175 shares of the specialty chemicals company’s stock, valued at approximately $2,690,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at $26,000. Keating Financial Advisory Services Inc. bought a new stake in shares of PPG Industries in the 2nd quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in shares of PPG Industries during the 2nd quarter worth about $30,000. Quarry LP bought a new position in PPG Industries during the 3rd quarter valued at about $26,000. Finally, Resources Management Corp CT ADV lifted its holdings in PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

PPG has been the topic of several research analyst reports. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Royal Bank Of Canada cut their target price on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Citigroup decreased their price target on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Trading Up 0.2%

PPG opened at $113.81 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.30 billion, a PE ratio of 16.31, a PEG ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The firm has a 50-day moving average price of $117.31 and a two-hundred day moving average price of $113.99.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share 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 company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the prior year, the firm posted $2.22 earnings per share. The company’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 anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

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

About PPG Industries

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.