AMG National Trust Bank Has $4.70 Million Stake in PPG Industries, Inc. $PPG

AMG National Trust Bank grew its position in PPG Industries, Inc. (NYSE:PPG) by 22.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,008 shares of the specialty chemicals company’s stock after purchasing an additional 8,178 shares during the period. AMG National Trust Bank’s holdings in PPG Industries were worth $4,704,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of PPG Industries by 9.1% in the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after acquiring an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after acquiring an additional 920 shares in the last quarter. Empowered Funds LLC increased its position in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares in the last quarter. Woodline Partners LP raised its stake in shares of PPG Industries by 40.7% in the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after acquiring an additional 5,667 shares during the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of PPG Industries by 6.2% in the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Up 0.7%

PPG Industries stock opened at $114.68 on Wednesday. The company has a 50 day moving average of $114.36 and a 200-day moving average of $112.65. 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 twelve month low of $93.39 and a twelve month high of $133.43. The stock has a market capitalization of $25.56 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data 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. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current fiscal 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 paid a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.5%. PPG Industries’s payout ratio is presently 40.51%.

Analyst Ratings Changes

PPG has been the topic of several recent research reports. BMO Capital Markets decreased their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Citigroup increased their price target on PPG Industries from $114.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Mizuho raised 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, July 1st. Finally, The Goldman Sachs Group decreased their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Six 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, PPG Industries has a consensus rating of “Hold” and a consensus target price of $124.93.

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.