NewEdge Advisors LLC Increases Position in PPG Industries, Inc. $PPG

NewEdge Advisors LLC raised its holdings in PPG Industries, Inc. (NYSE:PPG) by 68.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,042 shares of the specialty chemicals company’s stock after acquiring an additional 9,397 shares during the quarter. NewEdge Advisors LLC’s holdings in PPG Industries were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quarry LP purchased a new position in PPG Industries during the 3rd quarter worth $26,000. Resources Management Corp CT ADV raised its stake in shares of PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in PPG Industries in the fourth quarter worth $30,000. Essential Partners LLC increased its position in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of PPG Industries during the fourth quarter worth $32,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries News Summary

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $8.67 from $8.54, while increasing estimates for Q1 2027, Q3 2027, Q4 2027 and Q1 2028. These upward revisions suggest analysts see potential for improved earnings over the medium term.
• Neutral Sentiment: Brokerages collectively assign PPG a consensus recommendation of “Hold”, indicating analysts see limited conviction for a major near-term move in either direction. PPG Industries Given Consensus Recommendation of Hold by Brokerages
• Neutral Sentiment: Zacks Research maintained a long-term earnings outlook of $9.34 per share for FY2028 after adjusting individual quarterly estimates. The revisions were mixed, with increases to some periods offset by reductions to others.
• Negative Sentiment: Zacks lowered its FY2026 EPS forecast to $7.88 from $7.93, slightly below the broader consensus estimate of $7.89. It also cut estimates for Q3 2026, Q4 2026, Q2 2027 and FY2028, including a reduction in the FY2028 forecast to $9.34 from $9.41.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PPG. JPMorgan Chase & Co. lowered their price objective on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. BMO Capital Markets reduced their target price on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $127.00 to $134.00 in a research note on Friday, July 17th. Wall Street Zen lowered PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Mizuho upped their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $126.00.

PPG Industries Stock Up 0.1%

NYSE:PPG opened at $114.68 on Friday. The company’s fifty day moving average price is $117.59 and its 200-day moving average price is $114.03. The firm has a market capitalization of $25.49 billion, a P/E ratio of 16.43, a PEG ratio of 1.66 and a beta of 1.07. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. 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 7.89 EPS for the current year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change 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%. PPG Industries’s dividend payout ratio is presently 42.41%.

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.