PPG Industries, Inc. $PPG Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 53.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,348 shares of the specialty chemicals company’s stock after acquiring an additional 19,936 shares during the period. CIBC Asset Management Inc’s holdings in PPG Industries were worth $5,876,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PPG. Dorato Capital Management acquired a new stake in PPG Industries in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in PPG Industries in the third quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in PPG Industries in the fourth quarter valued at $51,000. Entrust Financial LLC acquired a new stake in PPG Industries in the fourth quarter valued at $55,000. Finally, Rosenberg Matthew Hamilton grew its holdings in PPG Industries by 226.7% in the fourth quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Up 1.9%

PPG opened at $114.08 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm has a market cap of $25.43 billion, a P/E ratio of 16.27, a PEG ratio of 1.66 and a beta of 1.06. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The business’s fifty day simple moving average is $108.47 and its 200 day simple moving average is $109.04.

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

PPG Industries Announces Dividend

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

Analysts Set New Price Targets

PPG has been the topic of several research reports. Mizuho upped their target price on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Jefferies Financial Group lowered their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. UBS Group upped their target price on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Finally, Weiss Ratings lowered PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Hold” and an average price target of $121.79.

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.