Regents Gate Capital LLP Takes $10.85 Million Position in PPG Industries, Inc. $PPG

Regents Gate Capital LLP purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 103,262 shares of the specialty chemicals company’s stock, valued at approximately $10,854,000. PPG Industries accounts for approximately 3.9% of Regents Gate Capital LLP’s holdings, making the stock its 7th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries during the third quarter worth $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 137 shares during the period. Rothschild Investment LLC lifted its stake in PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Root Financial Partners LLC acquired a new position in PPG Industries during the 3rd quarter worth about $30,000. Finally, Addison Advisors LLC boosted its holdings in PPG Industries by 1,515.8% during the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 288 shares during the period. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 118,811 shares of company stock worth $15,219,371 over the last three months. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG stock opened at $123.15 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $115.12 and a 200 day moving average price of $107.66. The company has a market cap of $27.52 billion, a P/E ratio of 17.74, a PEG ratio of 1.85 and a beta of 1.15. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm earned $1.61 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is 40.92%.

Analyst Ratings Changes

A number of analysts have issued reports on PPG shares. Mizuho increased their price target on shares of PPG Industries from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. UBS Group increased their target price on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. The Goldman Sachs Group raised their price target on shares of PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada upped their price objective on PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 29th. Finally, Bank of America reduced their price objective on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, PPG Industries presently has an average rating of “Hold” and a consensus price target of $125.93.

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.