SG Americas Securities LLC Raises Holdings in PPG Industries, Inc. $PPG

SG Americas Securities LLC lifted its holdings in PPG Industries, Inc. (NYSE:PPG) by 789.4% in the 4th quarter, Holdings Channel reports. The firm owned 193,232 shares of the specialty chemicals company’s stock after acquiring an additional 171,505 shares during the period. SG Americas Securities LLC’s holdings in PPG Industries were worth $19,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new stake in PPG Industries in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in PPG Industries during the 3rd quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of PPG Industries during the 3rd quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of PPG Industries by 366.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the specialty chemicals company’s stock worth $62,000 after acquiring an additional 425 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of PPG Industries in the third quarter worth approximately $57,000. 81.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PPG. Evercore increased their price objective on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Mizuho decreased their target price on shares of PPG Industries from $140.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Berenberg Bank lowered their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Finally, Citigroup lifted their price objective on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.07.

Insider Activity

In related news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

PPG Industries Trading Down 1.4%

Shares of PPG stock opened at $103.87 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. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.59 and a beta of 1.15. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The firm has a fifty day moving average price of $115.39 and a 200-day moving average price of $106.96.

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 analysts’ consensus estimates 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 return on equity of 22.30% 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 period in the prior year, the business posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s payout ratio is presently 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.