Monte Financial Group LLC Grows Holdings in PPG Industries, Inc. $PPG

Monte Financial Group LLC raised its position in PPG Industries, Inc. (NYSE:PPG) by 14.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 46,896 shares of the specialty chemicals company’s stock after purchasing an additional 5,844 shares during the period. PPG Industries accounts for about 1.8% of Monte Financial Group LLC’s portfolio, making the stock its 27th largest position. Monte Financial Group LLC’s holdings in PPG Industries were worth $4,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Applied Capital LLC FL raised its position in shares of PPG Industries by 1.5% in the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after buying an additional 95 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 97 shares during the last quarter. Waller Financial Planning Group Inc. raised its position in shares of PPG Industries by 0.8% in the fourth quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company’s stock valued at $1,308,000 after buying an additional 100 shares during the last quarter. G&S Capital LLC raised its position in shares of PPG Industries by 1.9% in the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company’s stock valued at $591,000 after buying an additional 104 shares during the last quarter. Finally, New Wave Wealth Advisors LLC raised its position in shares of PPG Industries by 5.1% in the fourth quarter. New Wave Wealth Advisors LLC now owns 2,182 shares of the specialty chemicals company’s stock valued at $224,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PPG. Mizuho cut their price objective on shares of PPG Industries from $140.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Sanford C. Bernstein boosted their target price on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $120.50.

Insiders Place Their Bets

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s 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 sale, the vice president owned 15,641 shares of the company’s stock, valued at approximately $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 sold a total of 118,811 shares of company stock worth $15,219,371 over the last ninety days. 0.33% of the stock is owned by company insiders.

PPG Industries Price Performance

PPG Industries stock opened at $110.36 on Thursday. PPG Industries, Inc. has a 1 year low of $90.97 and a 1 year high of $133.43. The firm has a 50 day moving average price of $114.31 and a 200 day moving average price of $106.70. The company has a market cap of $24.70 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62.

PPG Industries (NYSE:PPG) last released its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. PPG Industries’s revenue for the quarter 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. Sell-side analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed 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. This represents a $2.84 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

PPG Industries Company 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.