IFM Investors Pty Ltd Lowers Holdings in PPG Industries, Inc. $PPG

IFM Investors Pty Ltd lowered its position in PPG Industries, Inc. (NYSE:PPG) by 13.6% during the 1st quarter, Holdings Channel reports. The firm owned 50,130 shares of the specialty chemicals company’s stock after selling 7,911 shares during the quarter. IFM Investors Pty Ltd’s holdings in PPG Industries were worth $5,358,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dorato Capital Management purchased a new stake in shares of PPG Industries in the 4th quarter worth $26,000. Resources Management Corp CT ADV increased its stake in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares during the period. Quarry LP purchased a new position in shares of PPG Industries during the third quarter valued at $26,000. Aster Capital Management DIFC Ltd bought a new stake in shares of PPG Industries in the fourth quarter valued at about $30,000. Finally, DV Equities LLC purchased a new stake in PPG Industries in the fourth quarter worth about $32,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG opened at $125.30 on Friday. The firm has a market capitalization of $27.93 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. 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 business’s 50-day moving average is $113.12 and its two-hundred day moving average is $111.91. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

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

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were paid a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $119.00 price target on shares of PPG Industries in a research report on Wednesday, June 10th. BNP Paribas Exane increased their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Finally, UBS Group lifted their price objective on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $124.40.

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.