Barclays PLC Has $65.17 Million Holdings in PPG Industries, Inc. $PPG

Barclays PLC trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 46.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 620,005 shares of the specialty chemicals company’s stock after selling 541,450 shares during the quarter. Barclays PLC owned 0.28% of PPG Industries worth $65,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPG. Steigerwald Gordon & Koch Inc. acquired a new stake in PPG Industries during the third quarter worth $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of PPG Industries by 100.7% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Rothschild Investment LLC lifted its holdings in shares of PPG Industries by 184.0% during 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. Root Financial Partners LLC acquired a new stake in shares of PPG Industries during the 3rd quarter valued at about $30,000. Finally, Addison Advisors LLC increased its stake in PPG Industries by 1,515.8% in the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 288 shares during the period. 81.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. The Goldman Sachs Group raised their target price on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Finally, Jefferies Financial Group lifted their price objective on PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. One 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, the stock has a consensus rating of “Hold” and a consensus target price of $125.93.

Insiders Place Their Bets

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 directly owned 8,477 shares of the company’s stock, valued at $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 118,811 shares of company stock valued at $15,219,371 in the last 90 days. 0.33% of the stock is currently owned by insiders.

PPG Industries Stock Down 4.6%

Shares of PPG opened at $106.74 on Monday. The company has a market capitalization of $23.86 billion, a P/E ratio of 15.38, a PEG ratio of 1.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43. The business’s 50 day simple moving average is $116.25 and its 200-day simple moving average is $107.76.

PPG Industries (NYSE:PPG) last released 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 net margin of 9.93% and a return on equity of 22.30%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

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 given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 2.7%. PPG Industries’s dividend payout ratio is 40.92%.

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.