Cookson Peirce & Co. Inc. Increases Stock Position in PPG Industries, Inc. $PPG

Cookson Peirce & Co. Inc. increased its holdings in PPG Industries, Inc. (NYSE:PPG) by 201.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,371 shares of the specialty chemicals company’s stock after buying an additional 5,598 shares during the period. Cookson Peirce & Co. Inc.’s holdings in PPG Industries were worth $880,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Ameritas Advisory Services LLC grew its position in shares of PPG Industries by 1,584.9% in the third quarter. Ameritas Advisory Services LLC now owns 26,335 shares of the specialty chemicals company’s stock valued at $2,768,000 after purchasing an additional 24,772 shares in the last quarter. Columbia Bank grew its holdings in PPG Industries by 1.0% during the 3rd quarter. Columbia Bank now owns 10,951 shares of the specialty chemicals company’s stock valued at $1,090,000 after buying an additional 106 shares in the last quarter. Assetmark Inc. increased its position in shares of PPG Industries by 1.6% during the third quarter. Assetmark Inc. now owns 21,349 shares of the specialty chemicals company’s stock valued at $2,244,000 after buying an additional 326 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of PPG Industries by 12.5% in the third quarter. Public Sector Pension Investment Board now owns 19,427 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 2,160 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of PPG Industries by 13.8% in the third quarter. Illinois Municipal Retirement Fund now owns 118,601 shares of the specialty chemicals company’s stock valued at $12,466,000 after acquiring an additional 14,347 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PPG shares. The Goldman Sachs Group upped their target price on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Evercore decreased their price target on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. BNP Paribas Exane dropped their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Bank of America reduced their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Jefferies Financial Group raised their price target on PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $124.79.

Insider Activity at PPG Industries

In other news, CFO Vincent J. Morales sold 29,672 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the sale, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,554,875. The trade was a 51.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This trade represents a 20.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,122 shares of company stock worth $4,541,078 over the last three months. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Down 0.2%

PPG opened at $131.26 on Friday. The business’s fifty day simple moving average is $110.40 and its 200 day simple moving average is $106.35. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $29.45 billion, a PE ratio of 18.91, a P/E/G ratio of 1.98 and a beta of 1.16.

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

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given 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 is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

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.