PPG Industries, Inc. $PPG Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,020,138 shares of the specialty chemicals company’s stock after purchasing an additional 43,702 shares during the quarter. Dimensional Fund Advisors LP owned about 1.35% of PPG Industries worth $317,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in shares of PPG Industries by 12.7% during the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after purchasing an additional 703,549 shares during the last quarter. Walnut Level Capital LLC boosted its position in shares of PPG Industries by 46.8% in the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after purchasing an additional 20,000 shares during the period. GAM Holding AG grew its stake in PPG Industries by 97.5% during the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after buying an additional 10,508 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in PPG Industries during the third quarter worth approximately $16,245,000. Finally, Empower Advisory Group LLC lifted its stake in PPG Industries by 9.3% in the second quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock valued at $8,787,000 after buying an additional 6,559 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PPG. BNP Paribas Exane lowered their target price on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Berenberg Bank decreased their price target on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Jefferies Financial Group upped their target price on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. Finally, Sanford C. Bernstein raised their price target on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.93.

Insider Activity

In related news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This represents a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 118,811 shares of company stock valued at $15,219,371 in the last three months. 0.33% of the stock is currently owned by company insiders.

PPG Industries Stock Down 4.9%

Shares of PPG Industries stock opened at $111.99 on Friday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43. The company has a market cap of $25.03 billion, a P/E ratio of 16.14, a PEG ratio of 1.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. The firm has a fifty day moving average of $116.20 and a two-hundred day moving average of $107.86.

PPG Industries (NYSE:PPG) last issued its quarterly 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). The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 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 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio 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.