Vincent Morales Sells 78,095 Shares of PPG Industries (NYSE:PPG) Stock

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 78,095 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PPG Industries Trading Down 3.2%

Shares of NYSE:PPG opened at $124.14 on Friday. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The business has a 50 day moving average of $112.59 and a 200-day moving average of $106.94. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $27.86 billion, a PE ratio of 17.89, a P/E/G ratio of 1.93 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $1.61 EPS. 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. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders 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 2.3%. PPG Industries’s dividend payout ratio is 40.92%.

Hedge Funds Weigh In On PPG Industries

Hedge funds have recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries in the third quarter worth approximately $26,000. Dorato Capital Management bought a new stake in shares of PPG Industries in the 4th quarter valued at $26,000. Resources Management Corp CT ADV lifted its position in shares of PPG Industries by 900.0% during the 4th 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 during the period. Quarry LP bought a new position in PPG Industries during the third quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new stake in PPG Industries in the third quarter worth $30,000. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PPG. Evercore dropped their price objective on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Jefferies Financial Group upped their target price on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Finally, BNP Paribas Exane cut their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has an average rating of “Hold” and a consensus target price of $124.79.

PPG Industries Company 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.