Jefferies Financial Group Inc. Makes New Investment in PPG Industries, Inc. $PPG

Jefferies Financial Group Inc. purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the specialty chemicals company’s stock, valued at approximately $970,000.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries in the 2nd quarter valued at $26,000. Resources Management Corp CT ADV grew its position in PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Quarry LP purchased a new stake in PPG Industries during the 3rd quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of PPG Industries during the second quarter worth about $28,000. Finally, Silvant Capital Management LLC acquired a new position in shares of PPG Industries in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the topic of several research analyst reports. Citigroup reduced their price target 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. BMO Capital Markets lowered their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $127.00 to $134.00 in a research report on Friday, July 17th. UBS Group dropped their price target on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, Mizuho lifted their target price on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Trading Down 0.1%

PPG Industries stock opened at $114.06 on Monday. The company’s fifty day moving average price is $116.77 and its two-hundred day moving average price is $113.60. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a market capitalization of $25.36 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.66 and a beta of 1.07.

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). The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts forecast that PPG Industries, Inc. will post 7.88 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors 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%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is currently 42.41%.

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.