Boyd Watterson Asset Management LLC OH Purchases 4,304 Shares of PPG Industries, Inc. $PPG

Boyd Watterson Asset Management LLC OH grew its holdings in PPG Industries, Inc. (NYSE:PPG) by 71.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,328 shares of the specialty chemicals company’s stock after purchasing an additional 4,304 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in PPG Industries were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in PPG Industries by 13.1% during the first quarter. New York State Teachers Retirement System now owns 186,558 shares of the specialty chemicals company’s stock worth $19,939,000 after buying an additional 21,681 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of PPG Industries during the first quarter valued at about $8,941,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in PPG Industries by 763.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,350 shares of the specialty chemicals company’s stock valued at $5,168,000 after purchasing an additional 42,750 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of PPG Industries in the first quarter worth about $2,960,000. Finally, Platform Technology Partners acquired a new position in PPG Industries during the first quarter valued at $334,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

PPG Industries stock opened at $125.30 on Friday. The stock has a fifty day moving average of $112.85 and a two-hundred day moving average of $111.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.79 and a beta of 1.05. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last announced 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. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts anticipate 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. Stockholders of record on Monday, May 11th were paid a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PPG. Mizuho increased their price target on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. BMO Capital Markets increased their price target on shares of PPG Industries from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, Jefferies Financial Group dropped 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. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $124.40.

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.