Realta Investment Advisors Invests $929,000 in PPG Industries, Inc. $PPG

Realta Investment Advisors acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,692 shares of the specialty chemicals company’s stock, valued at approximately $929,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CNB Bank lifted its stake in PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc boosted its position in shares of PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after buying an additional 87 shares during the period. Whittier Trust Co. grew its stake in shares of PPG Industries by 1.4% in the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares in the last quarter. Evolve Private Wealth LLC grew its stake in shares of PPG Industries by 3.2% in the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 92 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its holdings in shares of PPG Industries by 4.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Trading Up 0.7%

PPG opened at $123.23 on Friday. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The business has a fifty day moving average price of $112.11 and a 200 day moving average price of $111.15.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.3%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PPG shares. BNP Paribas Exane raised their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. The Goldman Sachs Group cut their price target on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Wells Fargo & Company lowered their price objective on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $123.73.

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.