Entropy Technologies LP Buys 27,493 Shares of PPG Industries, Inc. $PPG

Entropy Technologies LP increased its stake in PPG Industries, Inc. (NYSE:PPG) by 80.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,784 shares of the specialty chemicals company’s stock after acquiring an additional 27,493 shares during the quarter. Entropy Technologies LP’s holdings in PPG Industries were worth $6,330,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nvest Wealth Strategies Inc. bought a new stake in shares of PPG Industries in the 4th quarter valued at $505,000. First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after acquiring an additional 703,549 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PPG Industries by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock valued at $317,421,000 after acquiring an additional 43,702 shares in the last quarter. Cooke & Bieler LP increased its stake in PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after purchasing an additional 231,537 shares in the last quarter. Finally, Wellington Management Group LLP increased 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 purchasing an additional 2,521,004 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG opened at $119.27 on Friday. 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 company has a market capitalization of $26.59 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.74 and a beta of 1.06. The firm’s fifty day moving average price is $109.55 and its two-hundred day moving average price is $109.75. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

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

PPG Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s payout ratio is currently 40.51%.

Analyst Ratings Changes

A number of analysts have commented on PPG shares. Weiss Ratings lowered shares of PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price target on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. UBS Group boosted their price target on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Citigroup boosted their price target on shares of PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group decreased their price target on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries presently has an average rating of “Hold” and an average target price of $121.79.

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.