Financiere des Professionnels Fonds d investissement inc. Has $182,000 Stock Position in PPG Industries, Inc. $PPG

Financiere des Professionnels Fonds d investissement inc. reduced its position in shares of PPG Industries, Inc. (NYSE:PPG) by 96.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,700 shares of the specialty chemicals company’s stock after selling 42,486 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in PPG Industries were worth $182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dorato Capital Management purchased a new position in shares of PPG Industries during the fourth quarter valued at $26,000. Resources Management Corp CT ADV lifted its stake in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Quarry LP purchased a new stake in PPG Industries in the 3rd quarter worth about $26,000. Aster Capital Management DIFC Ltd acquired a new stake in PPG Industries during the 4th quarter worth about $30,000. Finally, DV Equities LLC purchased a new position in PPG Industries during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PPG shares. BNP Paribas Exane upped their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Mizuho boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Royal Bank Of Canada increased their target price on shares of PPG Industries from $119.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group decreased their target price on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.13.

PPG Industries Trading Down 1.1%

Shares of NYSE PPG opened at $117.39 on Friday. The stock has a market cap of $26.17 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.72 and a beta of 1.05. The business has a 50 day simple moving average of $114.79 and a 200 day simple moving average of $112.87. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts predict that PPG Industries, Inc. will post 7.94 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is currently 42.23%.

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.