Jupiter Topco LLC Buys New Shares in PPG Industries, Inc. $PPG

Jupiter Topco LLC purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,294 shares of the specialty chemicals company’s stock, valued at approximately $4,036,000.

Several other hedge funds have also recently added to or reduced their stakes in PPG. CNB Bank increased its position in shares of PPG Industries by 1.8% during the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares during the last quarter. IFP Advisors Inc boosted its stake in PPG Industries by 2.7% in 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 in the last quarter. Evolve Private Wealth LLC raised its stake in shares of PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 92 shares in the last quarter. Insigneo Advisory Services LLC lifted 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 worth $229,000 after acquiring an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of PPG Industries by 1.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock worth $874,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PPG shares. UBS Group reduced their target price on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $127.00 to $134.00 in a research note on Friday, July 17th. BMO Capital Markets decreased their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Finally, Weiss Ratings raised PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.00.

PPG Industries Stock Down 2.4%

Shares of NYSE PPG opened at $109.47 on Wednesday. The firm has a fifty day simple moving average of $116.47 and a two-hundred day simple moving average of $113.33. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $24.34 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.63 and a beta of 1.07.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results 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). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $2.22 EPS. PPG Industries’s quarterly revenue was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts expect that PPG Industries, Inc. will post 7.88 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is currently 42.41%.

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.