Cibc World Market Inc. Buys 91,312 Shares of PPG Industries, Inc. $PPG

Cibc World Market Inc. increased its position in shares of PPG Industries, Inc. (NYSE:PPG) by 858.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,952 shares of the specialty chemicals company’s stock after purchasing an additional 91,312 shares during the quarter. Cibc World Market Inc.’s holdings in PPG Industries were worth $10,716,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Walnut Level Capital LLC raised its holdings in shares of PPG Industries by 46.8% during the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after buying an additional 20,000 shares in the last quarter. GAM Holding AG raised its stake in PPG Industries by 97.5% during the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after acquiring an additional 10,508 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of PPG Industries in the third quarter worth about $16,245,000. Empower Advisory Group LLC boosted its stake in shares of PPG Industries by 9.3% in the 2nd quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock valued at $8,787,000 after purchasing an additional 6,559 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of PPG Industries by 30.1% during the 3rd quarter. Strs Ohio now owns 125,434 shares of the specialty chemicals company’s stock valued at $13,184,000 after purchasing an additional 29,031 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

Insider Buying and Selling at PPG Industries

In other news, CFO Vincent J. Morales sold 29,672 shares of PPG Industries stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 37,122 shares of company stock worth $4,541,078. 0.33% of the stock is owned by company insiders.

PPG Industries Trading Down 0.2%

NYSE PPG opened at $131.26 on Friday. The firm has a market capitalization of $29.45 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.16. The business’s 50-day moving average price is $110.40 and its two-hundred day moving average price is $106.35. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Wall Street Analysts Forecast Growth

PPG has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their target price on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Citigroup raised their price objective on PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Berenberg Bank dropped their target price on PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, December 4th. Finally, Bank of America reduced their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $124.79.

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.