Stratos Wealth Partners LTD. Sells 4,841 Shares of PPG Industries, Inc. $PPG

Stratos Wealth Partners LTD. reduced its position in PPG Industries, Inc. (NYSE:PPG) by 55.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,946 shares of the specialty chemicals company’s stock after selling 4,841 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PPG Industries were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries during the third quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of PPG Industries during the third quarter worth about $30,000. Vermillion & White Wealth Management Group LLC grew its position 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 worth $31,000 after purchasing an additional 137 shares in the last quarter. Rothschild Investment LLC raised its stake in PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Finally, Addison Advisors LLC lifted its holdings in PPG Industries by 1,515.8% in the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 288 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares in the company, valued at $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,217 shares of company stock valued at $14,771,523. 0.33% of the stock is owned by corporate insiders.

PPG Industries Trading Down 0.7%

Shares of NYSE PPG opened at $128.24 on Thursday. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $133.43. 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 business’s 50 day moving average is $112.17 and its two-hundred day moving average is $106.82. The stock has a market capitalization of $28.78 billion, a P/E ratio of 18.48, a PEG ratio of 1.94 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the firm posted $1.61 EPS. PPG Industries’s revenue for the quarter 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. As a group, research analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PPG shares. Royal Bank Of Canada increased their price objective on shares of PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Bank of America decreased their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. raised their price objective on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. BNP Paribas Exane reduced their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein increased their price target on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPG Industries has an average rating of “Hold” and an average price target of $124.79.

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.