Epoch Investment Partners Inc. Has $12.92 Million Position in PPG Industries, Inc. $PPG

Epoch Investment Partners Inc. grew its position in PPG Industries, Inc. (NYSE:PPG) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,050 shares of the specialty chemicals company’s stock after buying an additional 4,393 shares during the quarter. Epoch Investment Partners Inc.’s holdings in PPG Industries were worth $12,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of PPG Industries in the 4th quarter valued at approximately $558,000. Jacobi Capital Management LLC raised its position in shares of PPG Industries by 12.6% in the 4th quarter. Jacobi Capital Management LLC now owns 14,655 shares of the specialty chemicals company’s stock valued at $1,502,000 after buying an additional 1,639 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of PPG Industries by 17.1% in the 4th quarter. Kestra Advisory Services LLC now owns 6,977 shares of the specialty chemicals company’s stock valued at $715,000 after buying an additional 1,018 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of PPG Industries by 10.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,096 shares of the specialty chemicals company’s stock valued at $215,000 after buying an additional 191 shares in the last quarter. Finally, Marshall Wace LLP increased its position in PPG Industries by 73.6% during the 4th quarter. Marshall Wace LLP now owns 109,108 shares of the specialty chemicals company’s stock worth $11,179,000 after purchasing an additional 46,260 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Price Performance

PPG stock opened at $119.27 on Monday. The company has a 50 day simple moving average of $109.55 and a 200 day simple moving average of $109.84. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.75 and a beta of 1.06. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. 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 posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the firm posted $1.72 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts anticipate that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s payout ratio is presently 40.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $119.00 price objective on shares of PPG Industries in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Finally, UBS Group upped their price objective on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, PPG Industries presently has an average rating of “Hold” and an average target price of $121.79.

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.