PPG Industries, Inc. $PPG Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 13.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,382 shares of the specialty chemicals company’s stock after selling 25,850 shares during the quarter. SG Americas Securities LLC owned about 0.07% of PPG Industries worth $17,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPG. Dorato Capital Management acquired a new stake in shares of PPG Industries during the fourth quarter valued at about $26,000. Quarry LP purchased a new stake in shares of PPG Industries in the 3rd quarter valued at approximately $26,000. Resources Management Corp CT ADV lifted its holdings in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of PPG Industries during the 4th quarter worth approximately $30,000. Finally, DV Equities LLC purchased a new position in shares of PPG Industries during the 4th quarter worth approximately $32,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Price Performance

PPG Industries stock opened at $122.28 on Friday. The firm has a market cap of $27.26 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.77 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 company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $111.80 and its two-hundred day moving average is $111.06.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the company posted $1.72 EPS. The firm’s 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 expect that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were issued a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PPG. Jefferies Financial Group cut their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Wells Fargo & Company dropped their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Citigroup boosted their price objective on PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho increased their target price on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $119.00 target price on shares of PPG Industries in a report on Wednesday, June 10th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.73.

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.