PNC Financial Services Group Inc. Reduces Stock Position in PPG Industries, Inc. $PPG

PNC Financial Services Group Inc. trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 857,440 shares of the specialty chemicals company’s stock after selling 30,663 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PPG Industries were worth $87,853,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PPG. Dorato Capital Management purchased a new position in PPG Industries during the 4th quarter worth approximately $26,000. Quarry LP purchased a new stake in shares of PPG Industries in the 3rd quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of PPG Industries in the third quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of PPG Industries in the fourth quarter worth $51,000. Finally, Entrust Financial LLC purchased a new position in shares of PPG Industries during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PPG. UBS Group upped their price target on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Wells Fargo & Company decreased their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Finally, Evercore raised their target price on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $121.79.

Insider Transactions at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the sale, the vice president directly owned 15,641 shares in the company, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

PPG Industries Price Performance

PPG Industries stock opened at $104.34 on Thursday. The stock has a market capitalization of $23.26 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.48 and a beta of 1.06. The company’s fifty day moving average price is $106.35 and its 200 day moving average price is $107.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

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.