Intech Investment Management LLC Sells 11,517 Shares of PPG Industries, Inc. $PPG

Intech Investment Management LLC cut its holdings in PPG Industries, Inc. (NYSE:PPG) by 57.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,599 shares of the specialty chemicals company’s stock after selling 11,517 shares during the quarter. Intech Investment Management LLC’s holdings in PPG Industries were worth $904,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries in the 3rd quarter worth $26,000. Root Financial Partners LLC purchased a new position in PPG Industries in the third quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC grew its stake in PPG Industries by 100.7% in 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 purchasing an additional 137 shares during the last quarter. Rothschild Investment LLC raised 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 worth $32,000 after purchasing an additional 184 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of PPG Industries by 1,515.8% during the second quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 288 shares during the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

PPG opened at $106.74 on Monday. The firm has a fifty day moving average price of $116.25 and a 200 day moving average price of $107.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. PPG Industries, Inc. has a 1 year low of $90.24 and a 1 year high of $133.43. The stock has a market cap of $23.86 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.61 and a beta of 1.15.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share 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 analysts’ expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. PPG Industries’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

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. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. PPG Industries’s dividend payout ratio (DPR) is 40.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PPG shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. 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 research report on Wednesday, January 14th. KeyCorp reiterated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein upped their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $125.93.

Insider Activity at PPG Industries

In related news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president owned 15,641 shares of the company’s stock, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 118,811 shares of company stock valued at $15,219,371. 0.33% of the stock is owned by company insiders.

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.