Candriam S.C.A. Increases Stock Position in PPG Industries, Inc. $PPG

Candriam S.C.A. boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 48.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,337 shares of the specialty chemicals company’s stock after buying an additional 5,968 shares during the period. Candriam S.C.A.’s holdings in PPG Industries were worth $1,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PPG. Brighton Jones LLC boosted its stake in 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 purchasing an additional 339 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of PPG Industries by 31.4% in the first 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 during the period. Empowered Funds LLC boosted its position in shares of PPG Industries by 6.1% in the first 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 during the period. Woodline Partners LP grew its stake in PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after acquiring an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after acquiring an additional 371 shares during the period. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PPG has been the subject of several analyst reports. UBS Group raised their price target on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. BNP Paribas Exane lifted their price objective on PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Mizuho boosted their target price 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, JPMorgan Chase & Co. decreased their target price on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $124.93.

PPG Industries Stock Up 0.7%

Shares of NYSE PPG opened at $114.68 on Wednesday. The stock has a market capitalization of $25.56 billion, a P/E ratio of 16.36, a PEG ratio of 1.66 and a beta of 1.05. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The firm’s 50 day simple moving average is $114.36 and its two-hundred day simple moving average is $112.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts expect that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is 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.