Aigen Investment Management LP Buys New Shares in PPG Industries, Inc. $PPG

Aigen Investment Management LP bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,444 shares of the specialty chemicals company’s stock, valued at approximately $558,000.

Other large investors have also recently bought and sold shares of the company. Dorato Capital Management acquired a new position in PPG Industries during the 4th quarter valued at $26,000. Quarry LP acquired a new position in shares of PPG Industries in the 3rd quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of PPG Industries in the 4th quarter valued at $51,000. Entrust Financial LLC acquired a new position in shares of PPG Industries in the 4th quarter valued at $55,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of PPG Industries by 226.7% in the 4th quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock valued at $64,000 after buying an additional 433 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 1.8%

PPG opened at $121.51 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $27.09 billion, a PE ratio of 17.33, a PEG 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 firm has a 50-day moving average price of $109.91 and a two-hundred day moving average price of $109.99.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm 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 company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts anticipate that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PPG shares. Evercore increased their price objective on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. BNP Paribas Exane increased their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Wells Fargo & Company dropped their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings cut shares of PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.00.

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.