Caprock Group LLC Makes New Investment in PPG Industries, Inc. $PPG

Caprock Group LLC purchased a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,218 shares of the specialty chemicals company’s stock, valued at approximately $1,033,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in PPG Industries during the third quarter valued at approximately $26,000. Root Financial Partners LLC bought a new stake in shares of PPG Industries in the 3rd quarter worth approximately $30,000. Gladwyn Financial Advisors Inc. bought a new position in PPG Industries during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of 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 valued at $31,000 after acquiring an additional 137 shares during the period. Finally, Rothschild Investment LLC increased its holdings in shares of PPG Industries by 184.0% in the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Down 0.2%

PPG Industries stock opened at $131.26 on Monday. The firm’s 50 day moving average price is $110.40 and its two-hundred day moving average price is $106.31. The firm has a market cap of $29.45 billion, a PE ratio of 18.91, a P/E/G ratio of 1.97 and a beta of 1.16. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $133.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $1.61 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio is presently 40.92%.

Analyst Upgrades and Downgrades

Several research firms have commented on PPG. Evercore decreased their target price on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Jefferies Financial Group lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. Zacks Research upgraded shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Royal Bank Of Canada raised their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group increased their price target on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.79.

Insider Buying and Selling

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

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.