Ameritas Advisory Services LLC Has $2.77 Million Holdings in PPG Industries, Inc. $PPG

Ameritas Advisory Services LLC increased its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 1,584.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,335 shares of the specialty chemicals company’s stock after acquiring an additional 24,772 shares during the quarter. Ameritas Advisory Services LLC’s holdings in PPG Industries were worth $2,768,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PPG. Steigerwald Gordon & Koch Inc. acquired a new stake in PPG Industries in the 3rd quarter worth $26,000. Root Financial Partners LLC bought a new stake in shares of PPG Industries in the third quarter valued at about $30,000. Gladwyn Financial Advisors Inc. acquired a new stake in PPG Industries during the second quarter worth about $31,000. Vermillion & White Wealth Management Group LLC grew its position in PPG Industries by 100.7% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 137 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 184 shares during the period. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Price Performance

Shares of PPG stock opened at $131.34 on Friday. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The stock has a market capitalization of $29.47 billion, a PE ratio of 18.92, a PEG ratio of 1.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. The stock’s fifty day moving average is $109.80 and its 200-day moving average is $106.23.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $1.61 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Insider Activity at PPG Industries

In other news, CFO Vincent J. Morales sold 29,672 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares in the company, valued at $3,554,875. The trade was a 51.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This trade represents a 20.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,122 shares of company stock valued at $4,541,078 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PPG has been the subject of a number of research reports. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. Bank of America cut their target price on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wells Fargo & Company raised their target price on PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Mizuho boosted their price target on shares of PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup increased their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $124.79.

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.