Trillium Asset Management LLC Purchases New Position in PPG Industries, Inc. $PPG

Trillium Asset Management LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,580 shares of the specialty chemicals company’s stock, valued at approximately $556,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of PPG Industries in the second quarter valued at approximately $2,856,392,000. Pzena Investment Management LLC purchased a new position in shares of PPG Industries during the 2nd quarter valued at approximately $946,964,000. Bank of New York Mellon Corp acquired a new stake in PPG Industries in the 2nd quarter valued at $318,870,000. Franklin Resources Inc. increased its holdings in PPG Industries by 48.9% in the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock worth $716,256,000 after acquiring an additional 2,295,118 shares in the last quarter. Finally, Norges Bank acquired a new position in PPG Industries during the fourth quarter worth $209,355,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Up 1.2%

Shares of NYSE:PPG opened at $113.81 on Friday. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The stock has a market cap of $25.30 billion, a P/E ratio of 16.31, a PEG ratio of 1.63 and a beta of 1.07. The business has a fifty day moving average of $117.31 and a two-hundred day moving average of $114.01. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts expect that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PPG. Citigroup dropped their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Mizuho lifted their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. Finally, BMO Capital Markets decreased their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus 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.