IFM Investors Pty Ltd Reduces Stake in PPG Industries, Inc. $PPG

IFM Investors Pty Ltd reduced its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,130 shares of the specialty chemicals company’s stock after selling 7,911 shares during the quarter. IFM Investors Pty Ltd’s holdings in PPG Industries were worth $5,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Severin Investments LLC bought a new stake in shares of PPG Industries in the 1st quarter valued at approximately $297,000. Peoples Bank OH increased its position in shares of PPG Industries by 14.9% during the 1st quarter. Peoples Bank OH now owns 2,395 shares of the specialty chemicals company’s stock valued at $256,000 after purchasing an additional 310 shares during the last quarter. iA Global Asset Management Inc. purchased a new stake in PPG Industries during the 1st quarter valued at $1,236,000. Klein Pavlis & Peasley Financial Inc. raised its holdings in PPG Industries by 15.8% during the 1st quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,991 shares of the specialty chemicals company’s stock valued at $533,000 after buying an additional 681 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ lifted its position in PPG Industries by 13.7% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 79,427 shares of the specialty chemicals company’s stock worth $8,489,000 after buying an additional 9,544 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on PPG shares. BMO Capital Markets boosted their price objective on shares of PPG Industries from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. The Goldman Sachs Group lowered their target price on shares of PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday. BNP Paribas Exane upped their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Jefferies Financial Group cut their price target on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $124.40.

PPG Industries Price Performance

PPG opened at $125.30 on Friday. The business has a fifty day moving average of $113.12 and a 200 day moving average of $111.91. The stock has a market cap of $27.93 billion, a P/E ratio of 17.87, a PEG ratio of 1.83 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The business’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. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Announces Dividend

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