Insider Selling: PPG Industries (NYSE:PPG) CFO Sells $3,709,000.00 in Stock

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 29,672 shares of PPG Industries stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total value of $3,709,000.00. Following the sale, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

PPG Industries Price Performance

Shares of PPG opened at $126.63 on Friday. The stock has a market cap of $28.42 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $126.74. The stock’s 50-day moving average price is $107.46 and its two-hundred day moving average price is $105.78. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio is currently 40.92%.

Institutional Investors Weigh In On PPG Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC increased its position in shares of PPG Industries by 127.6% in the second quarter. Capital Advisors Ltd. LLC now owns 223 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 125 shares during the last quarter. Dorato Capital Management bought a new position in PPG Industries in the fourth quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $31,000. 81.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BNP Paribas Exane lowered their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Sanford C. Bernstein boosted their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Jefferies Financial Group raised their target price on shares of PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Royal Bank Of Canada upped their price target on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $123.71.

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.