Pzena Investment Management LLC Acquires 733,660 Shares of PPG Industries, Inc. $PPG

Pzena Investment Management LLC lifted its holdings in PPG Industries, Inc. (NYSE:PPG) by 72.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,747,664 shares of the specialty chemicals company’s stock after acquiring an additional 733,660 shares during the quarter. Pzena Investment Management LLC owned 0.78% of PPG Industries worth $183,697,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries during the third quarter valued at about $26,000. Root Financial Partners LLC bought a new position in PPG Industries during the 3rd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its stake in PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Rothschild Investment LLC boosted its stake in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Finally, Addison Advisors LLC grew its holdings in shares of PPG Industries by 1,515.8% in the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Berenberg Bank lowered their price target on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, December 4th. Royal Bank Of Canada increased their target price on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday, January 29th. Mizuho upped their price target on PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. BNP Paribas Exane cut their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Finally, Bank of America decreased their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $124.79.

Insider Buying and Selling

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 115,217 shares of company stock worth $14,771,523. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Performance

Shares of PPG stock opened at $128.24 on Thursday. The company’s fifty day moving average price is $112.17 and its 200-day moving average price is $106.82. The stock has a market cap of $28.78 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. 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 issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

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.