National Pension Service Purchases 6,355 Shares of PPG Industries, Inc. $PPG

National Pension Service grew its position in PPG Industries, Inc. (NYSE:PPG) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,209 shares of the specialty chemicals company’s stock after acquiring an additional 6,355 shares during the period. National Pension Service owned 0.16% of PPG Industries worth $38,072,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PPG. Walnut Level Capital LLC lifted its stake in shares of PPG Industries by 46.8% during the second quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock valued at $7,138,000 after acquiring an additional 20,000 shares during the period. GAM Holding AG raised its holdings in PPG Industries by 97.5% during the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 10,508 shares during the last quarter. Vest Financial LLC lifted its position in PPG Industries by 17.4% during the 2nd quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company’s stock valued at $59,863,000 after purchasing an additional 78,022 shares during the period. Columbia Advisory Partners LLC bought a new position in shares of PPG Industries in the 2nd quarter valued at about $318,000. Finally, Empower Advisory Group LLC grew its position in shares of PPG Industries by 9.3% during the 2nd quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock worth $8,787,000 after buying an additional 6,559 shares during the period. 81.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Mizuho increased their price target on PPG Industries from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a research note on Thursday. BNP Paribas Exane dropped their price objective on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.71.

Insiders Place Their Bets

In other news, CFO Vincent J. Morales sold 5,200 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $110.00, for a total value of $572,000.00. Following the sale, the chief financial officer directly owned 28,439 shares in the company, valued at $3,128,290. The trade was a 15.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.33% of the stock is currently owned by corporate insiders.

PPG Industries Trading Up 0.8%

NYSE PPG opened at $116.57 on Tuesday. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $120.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. The firm has a market cap of $26.16 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.73 and a beta of 1.17. The stock’s 50-day moving average is $105.52 and its 200-day moving average is $105.46.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. PPG Industries’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

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.