Mather Group LLC. Purchases 13,254 Shares of PPG Industries, Inc. $PPG

Mather Group LLC. raised its holdings in PPG Industries, Inc. (NYSE:PPG) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,340 shares of the specialty chemicals company’s stock after buying an additional 13,254 shares during the period. Mather Group LLC. owned about 0.06% of PPG Industries worth $14,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries during the 3rd quarter worth approximately $26,000. Quarry LP purchased a new stake in PPG Industries during the third quarter valued at about $26,000. Root Financial Partners LLC bought a new position in PPG Industries in the 3rd quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of PPG Industries by 100.7% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Finally, Quent Capital LLC purchased a new position in PPG Industries during the 3rd quarter valued at about $57,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG stock opened at $105.12 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43. The stock has a market cap of $23.52 billion, a PE ratio of 15.15, a P/E/G ratio of 1.61 and a beta of 1.15. The firm has a 50 day simple moving average of $115.52 and a two-hundred day simple moving average of $107.02.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the business posted $1.61 EPS. The business’s quarterly 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, analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

Analysts Set New Price Targets

PPG has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. Sanford C. Bernstein boosted their price target 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. BNP Paribas Exane decreased their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their price objective on PPG Industries from $115.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 19th. Finally, UBS Group lifted their price objective on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $124.07.

Insider Buying and Selling

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 sale, the vice president owned 8,477 shares of the company’s stock, 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. Insiders have sold a total of 118,811 shares of company stock worth $15,219,371 in the last 90 days. 0.33% of the stock is owned by company insiders.

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.