Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 10,255 PPG Industries, Inc. $PPG

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,255 shares of the specialty chemicals company’s stock, valued at approximately $1,096,000.

Other institutional investors have also recently made changes to their positions in the company. CNB Bank raised its holdings in shares of PPG Industries by 1.8% in the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after acquiring an additional 80 shares in the last quarter. IFP Advisors Inc grew its holdings in PPG Industries by 2.7% during the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after acquiring an additional 87 shares in the last quarter. Whittier Trust Co. grew its holdings in PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after acquiring an additional 89 shares in the last quarter. Evolve Private Wealth LLC increased its position in PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 92 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in shares of PPG Industries by 4.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the subject of several research reports. Mizuho upped their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Jefferies Financial Group lowered their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Finally, The Goldman Sachs Group dropped their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price of $124.40.

PPG Industries Stock Performance

PPG opened at $125.30 on Friday. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The company has a market cap of $27.93 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. The firm’s 50-day moving average price is $113.12 and its 200-day moving average price is $111.91.

PPG Industries (NYSE:PPG) last released its earnings results 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 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%. PPG Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business earned $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 7.93 EPS for the current fiscal year.

PPG Industries Dividend Announcement

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