Brandywine Global Investment Management LLC Has $34.94 Million Stock Holdings in PPG Industries, Inc. $PPG

Brandywine Global Investment Management LLC lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,007 shares of the specialty chemicals company’s stock after purchasing an additional 24,968 shares during the period. Brandywine Global Investment Management LLC’s holdings in PPG Industries were worth $34,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CNB Bank raised its position in shares of PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares during the period. IFP Advisors Inc raised its position in PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after buying an additional 87 shares during the period. Whittier Trust Co. raised its position in PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Applied Capital LLC FL raised its position in PPG Industries by 1.5% during the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after buying an additional 95 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in PPG Industries by 1.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock valued at $544,000 after buying an additional 95 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PPG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. JPMorgan Chase & Co. dropped their price target on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. Finally, Mizuho upped their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.79.

PPG Industries Stock Performance

Shares of PPG stock opened at $113.01 on Tuesday. 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, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The stock’s 50-day moving average is $108.63 and its two-hundred day moving average is $109.26. The firm has a market cap of $25.19 billion, a P/E ratio of 16.12, a PEG ratio of 1.66 and a beta of 1.06.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company 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 was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts predict that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders 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 dividend yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is 40.51%.

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.