Exchange Traded Concepts LLC Has $6.61 Million Stake in PPG Industries, Inc. $PPG

Exchange Traded Concepts LLC lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 40.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,509 shares of the specialty chemicals company’s stock after buying an additional 18,461 shares during the quarter. Exchange Traded Concepts LLC’s holdings in PPG Industries were worth $6,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PPG. Wellington Management Group LLP boosted its position in PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares during the last quarter. State Street Corp raised its position in shares of PPG Industries by 6.3% in the 2nd quarter. State Street Corp now owns 12,624,828 shares of the specialty chemicals company’s stock worth $1,436,074,000 after acquiring an additional 749,081 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after purchasing an additional 703,549 shares during the period. Franklin Resources Inc. lifted its stake in shares of PPG Industries by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after purchasing an additional 1,326,619 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of PPG Industries by 15.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock valued at $414,779,000 after purchasing an additional 535,095 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PPG. Jefferies Financial Group raised their target price on PPG Industries from $115.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday, January 29th. Mizuho cut their price target on PPG Industries from $140.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. The Goldman Sachs Group raised their price objective on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Citigroup boosted their target price on shares of PPG Industries from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.07.

PPG Industries Stock Up 0.0%

PPG Industries stock opened at $103.87 on Monday. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The firm’s fifty day moving average price is $115.39 and its two-hundred day moving average price is $106.93. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $133.43. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82.

PPG Industries (NYSE:PPG) last posted its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Insider Activity

In related news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value 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. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vincent J. 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 value of $10,230,445.00. The SEC filing for this sale provides additional information. Insiders have sold 118,811 shares of company stock worth $15,219,371 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

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.