Azzad Asset Management Inc. ADV Trims Stock Position in PPG Industries, Inc. $PPG

Azzad Asset Management Inc. ADV decreased its holdings in PPG Industries, Inc. (NYSE:PPG) by 35.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,596 shares of the specialty chemicals company’s stock after selling 8,391 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in PPG Industries were worth $1,639,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in PPG Industries in the third quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of PPG Industries during the 3rd quarter valued at $30,000. Gladwyn Financial Advisors Inc. acquired a new stake in shares of PPG Industries during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC raised its position in shares of PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 137 shares during the period. Finally, Rothschild Investment LLC boosted its holdings in PPG Industries by 184.0% in the second quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PPG. Mizuho raised their price objective on PPG Industries from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Bank of America dropped their target price on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. BNP Paribas Exane reduced their price target on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Sanford C. Bernstein increased their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Evercore cut their target price on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. One 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, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $123.71.

PPG Industries Trading Up 1.8%

NYSE PPG opened at $126.63 on Monday. The stock has a market cap of $28.42 billion, a P/E ratio of 18.25, a PEG ratio of 1.90 and a beta of 1.16. The company’s fifty day simple moving average is $107.46 and its 200-day simple moving average is $105.70. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $126.74.

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 22.67%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business posted $1.61 earnings per share. PPG Industries’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. Equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is presently 40.92%.

Insider Activity

In related news, 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 completion of the transaction, the vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vincent J. Morales sold 29,672 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total value of $3,709,000.00. Following the sale, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,122 shares of company stock worth $4,541,078. Insiders own 0.33% of the company’s stock.

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.