California Public Employees Retirement System Has $42.81 Million Stake in PPG Industries, Inc. $PPG

California Public Employees Retirement System trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 400,502 shares of the specialty chemicals company’s stock after selling 14,892 shares during the period. California Public Employees Retirement System’s holdings in PPG Industries were worth $42,806,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PPG. Kera Capital Partners Inc. grew its holdings in shares of PPG Industries by 9.3% during the first quarter. Kera Capital Partners Inc. now owns 2,676 shares of the specialty chemicals company’s stock valued at $286,000 after buying an additional 227 shares in the last quarter. Modera Wealth Management LLC lifted its stake in PPG Industries by 22.1% in the 1st quarter. Modera Wealth Management LLC now owns 4,067 shares of the specialty chemicals company’s stock worth $435,000 after acquiring an additional 737 shares in the last quarter. Advisortrust Partners LLC lifted its stake in PPG Industries by 8.3% in the 1st quarter. Advisortrust Partners LLC now owns 3,995 shares of the specialty chemicals company’s stock worth $427,000 after acquiring an additional 307 shares in the last quarter. Assetmark Inc. boosted its position in PPG Industries by 4.6% during the 1st quarter. Assetmark Inc. now owns 26,644 shares of the specialty chemicals company’s stock worth $2,848,000 after acquiring an additional 1,170 shares during the period. Finally, Bessemer Group Inc. boosted its position in PPG Industries by 26.6% during the 1st quarter. Bessemer Group Inc. now owns 2,065 shares of the specialty chemicals company’s stock worth $220,000 after acquiring an additional 434 shares during the period. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $115.71 on Tuesday. The business’s 50-day moving average price is $114.94 and its two-hundred day moving average price is $113.01. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a market capitalization of $25.79 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05.

PPG Industries (NYSE:PPG) last issued its 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. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business’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. Analysts anticipate that PPG Industries, Inc. will post 7.94 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be issued a $0.74 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio is currently 40.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PPG. BMO Capital Markets dropped their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Wells Fargo & Company decreased their price target on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 10th. Wall Street Zen raised shares of PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday. BNP Paribas Exane upped their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $126.13.

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.