Eurizon Capital SGR S.p.A. Invests $12.81 Million in PPG Industries, Inc. $PPG

Eurizon Capital SGR S.p.A. acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 124,714 shares of the specialty chemicals company’s stock, valued at approximately $12,805,000.

Several other hedge funds also recently modified their holdings of PPG. Brighton Jones LLC increased its holdings in shares of PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of PPG Industries by 31.4% in the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after purchasing an additional 920 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of PPG Industries by 6.1% in the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP increased its holdings in shares of PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of PPG Industries by 6.2% in the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup raised their price target on shares of PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. BNP Paribas Exane raised their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group lowered their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.79.

PPG Industries Price Performance

Shares of PPG stock opened at $113.05 on Monday. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The stock has a market cap of $25.20 billion, a PE ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The firm’s 50 day moving average price is $107.36 and its two-hundred day moving average price is $108.58.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

PPG Industries Company 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.