PPG Industries, Inc. $PPG Shares Sold by Strs Ohio

Strs Ohio trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,374 shares of the specialty chemicals company’s stock after selling 6,008 shares during the quarter. Strs Ohio owned 0.06% of PPG Industries worth $15,003,000 at the end of the most recent quarter.

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

PPG Industries Price Performance

PPG opened at $125.30 on Friday. 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 price is $113.12 and its 200 day moving average price is $111.91. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05.

PPG Industries (NYSE:PPG) last issued its earnings results 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 company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. PPG Industries’s quarterly 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 expect that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were given a dividend of $0.71 per share. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.3%. PPG Industries’s dividend payout ratio is currently 40.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wells Fargo & Company cut their price objective 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. Mizuho boosted their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group increased their target price on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group dropped their target price on 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.