PPG Industries, Inc. $PPG Position Lessened by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,501,796 shares of the specialty chemicals company’s stock after selling 99,649 shares during the quarter. ProShare Advisors LLC owned approximately 0.67% of PPG Industries worth $157,854,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries in the 3rd quarter valued at about $26,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of PPG Industries in the second quarter valued at approximately $31,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of PPG Industries by 100.7% during 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 buying an additional 137 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of PPG Industries by 184.0% during the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of PPG Industries during the third quarter worth approximately $30,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PPG shares. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group raised their price target on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Citigroup increased 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. Finally, Royal Bank Of Canada boosted their price target on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Hold” and an average price target of $123.71.

PPG Industries Stock Up 1.8%

PPG stock opened at $126.63 on Monday. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $126.74. The firm has a market cap of $28.42 billion, a PE ratio of 18.25, a P/E/G ratio of 1.90 and a beta of 1.16. The firm has a 50 day simple moving average of $107.46 and a 200 day simple moving average of $105.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results 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). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm posted $1.61 EPS. The company’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. Equities research analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share 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 paid 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 yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Insider Activity

In other PPG Industries news, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vincent J. Morales sold 29,672 shares of PPG Industries stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total transaction of $3,709,000.00. Following the completion of the transaction, the chief financial officer directly owned 28,439 shares in the company, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 37,122 shares of company stock worth $4,541,078. Corporate insiders own 0.33% of the company’s stock.

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.