Dimensional Fund Advisors LP Grows Position in PPG Industries, Inc. $PPG

Dimensional Fund Advisors LP grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,925,343 shares of the specialty chemicals company’s stock after acquiring an additional 58,411 shares during the quarter. Dimensional Fund Advisors LP’s holdings in PPG Industries were worth $312,613,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dorato Capital Management purchased a new stake 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% in the 4th 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 in the last quarter. Quarry LP purchased a new position in PPG Industries in the 3rd quarter worth approximately $26,000. Aster Capital Management DIFC Ltd bought a new position in shares of PPG Industries in the 4th quarter worth $30,000. Finally, DV Equities LLC purchased a new stake in shares of PPG Industries during the 4th quarter valued at $32,000. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. BNP Paribas Exane raised their price target on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $127.00 to $134.00 in a research note on Friday, July 17th. BMO Capital Markets reduced their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Finally, Royal Bank Of Canada raised their price objective on PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $126.13.

PPG Industries Trading Up 1.5%

NYSE PPG opened at $117.40 on Thursday. The firm has a market cap of $26.17 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The stock has a 50-day moving average of $115.36 and a 200-day moving average of $113.21. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts forecast that PPG Industries, Inc. will post 7.94 EPS for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a $0.74 dividend. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

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.