Ilmarinen Mutual Pension Insurance Co Sells 12,000 Shares of PPG Industries, Inc. $PPG

Ilmarinen Mutual Pension Insurance Co lowered its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 24.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,500 shares of the specialty chemicals company’s stock after selling 12,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in PPG Industries were worth $3,740,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of PPG Industries by 306.2% during the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after buying an additional 5,351,103 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of PPG Industries by 0.4% during the 4th quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock valued at $644,537,000 after buying an additional 26,793 shares during the period. Geode Capital Management LLC lifted its holdings in shares of PPG Industries by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,809,127 shares of the specialty chemicals company’s stock valued at $592,859,000 after buying an additional 135,529 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of PPG Industries by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after buying an additional 1,326,619 shares during the period. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Sanford C. Bernstein increased their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company lowered their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.79.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $113.05 on Friday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The stock’s fifty day moving average is $107.36 and its 200 day moving average is $108.49. The stock has a market cap of $25.20 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06. 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 (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS 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 for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the business earned $1.72 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

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.