PensionDanmark Pensionsforsikringsaktieselskab Buys 13,101 Shares of PPG Industries, Inc. $PPG

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in PPG Industries, Inc. (NYSE:PPG) by 38.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 46,861 shares of the specialty chemicals company’s stock after buying an additional 13,101 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in PPG Industries were worth $5,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC increased its stake in PPG Industries by 306.2% during the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after purchasing an additional 5,351,103 shares in the last quarter. Franklin Resources Inc. raised its holdings 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 worth $716,256,000 after buying an additional 2,295,118 shares during the last quarter. Norges Bank bought a new position in shares of PPG Industries in the fourth quarter worth approximately $209,355,000. First Trust Advisors LP lifted its stake in shares of PPG Industries by 321.4% in the first quarter. First Trust Advisors LP now owns 2,287,261 shares of the specialty chemicals company’s stock worth $244,462,000 after buying an additional 1,744,528 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of PPG Industries by 85.6% during the first quarter. Bank of New York Mellon Corp now owns 2,507,399 shares of the specialty chemicals company’s stock valued at $267,991,000 after buying an additional 1,156,078 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

Shares of PPG opened at $119.73 on Friday. The firm has a fifty day simple moving average of $117.37 and a two-hundred day simple moving average of $113.91. The firm has a market cap of $26.62 billion, a PE ratio of 17.15, a P/E/G ratio of 1.74 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (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 analysts’ expectations of $4.37 billion. During the same quarter last year, the business earned $2.22 earnings per share. The business’s quarterly 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. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio is presently 42.41%.

Analyst Ratings Changes

PPG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. BMO Capital Markets lowered their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $127.00 to $134.00 in a research report on Friday, July 17th. The Goldman Sachs Group reduced their price objective on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Finally, Royal Bank Of Canada decreased their target price on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $126.00.

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.