National Pension Service Raises Holdings in PPG Industries, Inc. $PPG

National Pension Service grew its position in PPG Industries, Inc. (NYSE:PPG) by 17.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,008 shares of the specialty chemicals company’s stock after buying an additional 61,799 shares during the quarter. National Pension Service owned 0.19% of PPG Industries worth $43,444,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PPG. Dorato Capital Management bought a new position in shares of PPG Industries in the 4th quarter worth $26,000. Quarry LP bought a new position in shares of PPG Industries in the 3rd quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of PPG Industries in the 4th quarter worth $51,000. Entrust Financial LLC bought a new position in shares of PPG Industries in the 4th quarter worth $55,000. Finally, Cornerstone Planning Group LLC raised its position in shares of PPG Industries by 2,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after acquiring an additional 550 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Trading Up 0.1%

Shares of NYSE:PPG opened at $113.05 on Monday. The business’s 50-day moving average is $107.36 and its 200 day moving average is $108.58. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The firm has a market capitalization of $25.20 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

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

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s payout ratio is presently 40.51%.

Analyst Upgrades and Downgrades

PPG has been the subject of several recent research reports. Evercore boosted their price target on PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Weiss Ratings reissued a “hold (c)” rating on shares of PPG Industries in a research report on Monday, May 11th. Finally, The Goldman Sachs Group reduced their price target on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.79.

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.