Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.17 Million Position in PPG Industries, Inc. $PPG

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 763.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 48,350 shares of the specialty chemicals company’s stock after buying an additional 42,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PPG Industries were worth $5,168,000 as of its most recent SEC filing.

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

PPG Industries Trading Down 0.0%

Shares of NYSE:PPG opened at $125.30 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The stock’s 50-day moving average is $113.12 and its 200-day moving average is $111.96. The company has a market cap of $27.93 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.83 and a beta of 1.05. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43.

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, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the firm earned $1.72 EPS. The firm’s revenue 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. Equities research analysts predict that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, May 11th. PPG Industries’s payout ratio is currently 40.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. BNP Paribas Exane boosted their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Mizuho increased their price target on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $119.00 price target on shares of PPG Industries in a research report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, PPG Industries has a consensus rating of “Hold” and an average target price of $124.40.

PPG Industries Company 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.