Arbejdsmarkedets Tillaegspension Acquires Shares of 121,170 PPG Industries, Inc. $PPG

Arbejdsmarkedets Tillaegspension bought a new position in PPG Industries, Inc. (NYSE:PPG) during the 1st quarter, Holdings Channel reports. The institutional investor bought 121,170 shares of the specialty chemicals company’s stock, valued at approximately $12,951,000.

A number of other institutional investors have also recently modified their holdings of PPG. Nvest Wealth Strategies Inc. bought a new position in shares of PPG Industries in the fourth quarter worth approximately $505,000. Cooke & Bieler LP increased its position in shares of PPG Industries by 16.7% during the fourth quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after acquiring an additional 231,537 shares in the last quarter. Equity Investment Corp increased its position in shares of PPG Industries by 3.4% during the fourth quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock valued at $101,981,000 after acquiring an additional 32,337 shares in the last quarter. Mather Group LLC. raised its holdings in PPG Industries by 10.3% in the 4th quarter. Mather Group LLC. now owns 142,340 shares of the specialty chemicals company’s stock worth $14,584,000 after acquiring an additional 13,254 shares during the last quarter. Finally, UBS Group AG raised its holdings in PPG Industries by 15.0% in the 4th quarter. UBS Group AG now owns 1,172,231 shares of the specialty chemicals company’s stock worth $120,107,000 after acquiring an additional 152,779 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PPG. BMO Capital Markets reduced their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. JPMorgan Chase & Co. lowered their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Wells Fargo & Company reduced their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Finally, BNP Paribas Exane boosted their target price on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries presently has an average rating of “Hold” and a consensus target price of $124.93.

PPG Industries Trading Down 2.5%

NYSE:PPG opened at $113.85 on Tuesday. The company has a market cap of $25.38 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. 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 company has a 50 day simple moving average of $114.19 and a two-hundred day simple moving average of $112.57. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) 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 firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the business posted $1.72 EPS. The company’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. Research analysts forecast that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio 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.