Caprock Group LLC Takes Position in PPG Industries, Inc. $PPG

Caprock Group LLC purchased a new stake in PPG Industries, Inc. (NYSE:PPG) during the third quarter, HoldingsChannel.com reports. The firm purchased 9,218 shares of the specialty chemicals company’s stock, valued at approximately $1,033,000.

Other large investors have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries in the third quarter worth $26,000. Root Financial Partners LLC bought a new position in shares of PPG Industries in the third quarter worth about $30,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of PPG Industries during the second quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC raised its position in PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 184 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

Insider Transactions at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of PPG Industries stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the transaction, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. The trade was a 51.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,122 shares of company stock worth $4,541,078 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

PPG Industries Stock Down 0.2%

PPG Industries stock opened at $131.26 on Monday. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $133.43. The stock has a market cap of $29.45 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.97 and a beta of 1.16. The company’s 50-day moving average price is $110.40 and its two-hundred day moving average price is $106.31. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

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

PPG Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PPG. Citigroup lifted their target price on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada upped their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a research report on Thursday, January 29th. The Goldman Sachs Group increased their price target on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, PPG Industries presently has an average rating of “Hold” and a consensus price target of $124.79.

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.