Andra AP fonden Sells 17,356 Shares of PPG Industries, Inc. $PPG

Andra AP fonden lessened its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 80.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,128 shares of the specialty chemicals company’s stock after selling 17,356 shares during the period. Andra AP fonden’s holdings in PPG Industries were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of PPG Industries during the third quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its holdings in PPG Industries by 100.7% in 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 in the last quarter. Rothschild Investment LLC increased its position in PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Root Financial Partners LLC bought a new position in PPG Industries in the 3rd quarter worth $30,000. Finally, Addison Advisors LLC lifted its position in shares of PPG Industries by 1,515.8% in the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Insider Activity at PPG Industries

In other news, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president owned 8,477 shares in the company, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This trade represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 118,811 shares of company stock valued at $15,219,371. 0.33% of the stock is owned by insiders.

PPG Industries Stock Performance

PPG Industries stock opened at $123.15 on Monday. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $133.43. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $27.52 billion, a P/E ratio of 17.74, a PEG ratio of 1.85 and a beta of 1.15. The stock’s 50 day moving average is $115.12 and its 200 day moving average is $107.66.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data 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 22.30%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm’s quarterly 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, equities research analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. PPG Industries’s payout ratio is presently 40.92%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPG. Bank of America reduced their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. BNP Paribas Exane reduced their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their target price on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Berenberg Bank dropped their price target on PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada increased their price objective on PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries has an average rating of “Hold” and an average target price of $125.93.

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.