ProShare Advisors LLC Has $157.85 Million Stock Position in PPG Industries, Inc. $PPG

ProShare Advisors LLC cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,501,796 shares of the specialty chemicals company’s stock after selling 99,649 shares during the quarter. ProShare Advisors LLC’s holdings in PPG Industries were worth $157,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 97 shares in the last quarter. G&S Capital LLC grew its position in PPG Industries by 1.9% during the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after purchasing an additional 104 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in PPG Industries by 0.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 22,716 shares of the specialty chemicals company’s stock valued at $2,584,000 after buying an additional 107 shares during the period. Groupe la Francaise increased its stake in PPG Industries by 8.9% in the 2nd quarter. Groupe la Francaise now owns 1,304 shares of the specialty chemicals company’s stock valued at $148,000 after buying an additional 107 shares during the period. Finally, Farmers Trust Co. lifted its position in PPG Industries by 0.7% in the 3rd quarter. Farmers Trust Co. now owns 15,712 shares of the specialty chemicals company’s stock worth $1,651,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insiders Place Their Bets

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vincent J. Morales sold 29,672 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the sale, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,554,875. This represents a 51.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 37,122 shares of company stock valued at $4,541,078. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PPG. Wells Fargo & Company boosted their price target on shares of PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. BNP Paribas Exane dropped their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Citigroup raised their price target on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $123.71.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $126.63 on Monday. The business’s 50-day simple moving average is $107.46 and its 200-day simple moving average is $105.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $126.74. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.90 and a beta of 1.16.

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

PPG Industries Announces Dividend

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

PPG Industries 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.