Cibc World Market Inc. Has $1.53 Million Stock Position in PPG Industries, Inc. $PPG

Cibc World Market Inc. lowered its stake in PPG Industries, Inc. (NYSE:PPG) by 85.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,952 shares of the specialty chemicals company’s stock after selling 87,000 shares during the period. Cibc World Market Inc.’s holdings in PPG Industries were worth $1,532,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of PPG Industries during the 4th quarter worth approximately $26,000. Quarry LP acquired a new position in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of PPG Industries during the 4th quarter worth approximately $51,000. Entrust Financial LLC acquired a new position in shares of PPG Industries during the 4th quarter worth approximately $55,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of PPG Industries by 226.7% during the 4th quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock worth $64,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PPG shares. Mizuho increased their target price on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Citigroup increased their target price on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Stock Performance

NYSE PPG opened at $116.32 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $25.93 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.65 and a beta of 1.06. The firm’s 50 day simple moving average is $108.88 and its 200 day simple moving average is $109.42. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts expect that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is currently 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.