Invst LLC Makes New $902,000 Investment in PPG Industries, Inc. $PPG

Invst LLC acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,437 shares of the specialty chemicals company’s stock, valued at approximately $902,000.

A number of other large investors have also made changes to their positions in PPG. Meeder Asset Management Inc. acquired a new stake in shares of PPG Industries during the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new position in shares of PPG Industries in the second quarter valued at $28,000. Silvant Capital Management LLC bought a new position in PPG Industries in the second quarter worth $30,000. Quarry LP acquired a new stake in PPG Industries during the third quarter worth $26,000. Finally, Resources Management Corp CT ADV increased its holdings in PPG Industries by 900.0% in the 4th 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. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Price Performance

NYSE:PPG opened at $113.68 on Wednesday. The firm has a market cap of $25.27 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.07. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $117.01 and its two-hundred day moving average price is $113.86.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business posted $2.22 EPS. 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 fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given 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 is presently 42.41%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PPG. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $127.00 to $134.00 in a research report on Friday, July 17th. BNP Paribas Exane increased their price target on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Royal Bank Of Canada cut their price target on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. BMO Capital Markets lowered their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Finally, Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $126.00.

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.