D.B. Root & Company LLC Buys New Shares in PPG Industries, Inc. $PPG

D.B. Root & Company LLC bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,295 shares of the specialty chemicals company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of PPG Industries during the second quarter valued at approximately $26,000. Resources Management Corp CT ADV grew its stake in PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Quarry LP purchased a new stake in PPG Industries in the 3rd quarter worth $26,000. Keating Financial Advisory Services Inc. bought a new position in shares of PPG Industries during the 2nd quarter valued at about $28,000. Finally, Silvant Capital Management LLC purchased a new position in shares of PPG Industries during the second quarter valued at about $30,000. Institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PPG. Royal Bank Of Canada decreased their target price on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Citigroup decreased their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, BNP Paribas Exane lifted their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Hold” and an average price target of $126.00.

PPG Industries Stock Up 0.2%

Shares of NYSE:PPG opened at $113.81 on Monday. The firm has a market capitalization of $25.30 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The business has a 50 day simple moving average of $117.31 and a two-hundred day simple moving average of $113.99. 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 results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts predict that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 42.41%.

About PPG Industries

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.