Vivid Wealth Management LLC Purchases Shares of 21,176 PPG Industries, Inc. $PPG

Vivid Wealth Management LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the first quarter, HoldingsChannel reports. The institutional investor acquired 21,176 shares of the specialty chemicals company’s stock, valued at approximately $2,263,000.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its position in shares of PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after buying an additional 2,521,004 shares during the last quarter. State Street Corp lifted its position in PPG Industries by 4.6% in the fourth quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock valued at $1,314,529,000 after acquiring an additional 565,523 shares during the last quarter. Pzena Investment Management LLC boosted its stake in PPG Industries by 5.4% in the first quarter. Pzena Investment Management LLC now owns 7,478,646 shares of the specialty chemicals company’s stock valued at $799,318,000 after acquiring an additional 379,879 shares in the last quarter. Franklin Resources Inc. boosted its stake in PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after acquiring an additional 2,295,118 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of PPG Industries by 0.4% during the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock worth $644,537,000 after purchasing an additional 26,793 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PPG. Citigroup lifted their target price on PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Wells Fargo & Company cut their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Finally, BNP Paribas Exane increased their price objective on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $124.40.

PPG Industries Stock Performance

Shares of PPG stock opened at $125.30 on Friday. The stock 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. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The stock’s 50-day moving average price is $113.12 and its 200 day moving average price is $111.91. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the business earned $1.72 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

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

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.