PPG Industries, Inc. $PPG Stake Reduced by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in PPG Industries, Inc. (NYSE:PPG) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,759 shares of the specialty chemicals company’s stock after selling 17,536 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in PPG Industries were worth $5,679,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PPG. First Eagle Investment Management LLC grew its position in PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after purchasing an additional 703,549 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PPG Industries by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock valued at $317,421,000 after buying an additional 43,702 shares during the last quarter. Walnut Level Capital LLC boosted its position 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 worth $7,138,000 after buying an additional 20,000 shares during the period. GAM Holding AG boosted its position in shares of PPG Industries by 97.5% during the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock worth $2,237,000 after buying an additional 10,508 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in PPG Industries in the 3rd quarter worth approximately $16,245,000. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on PPG shares. Bank of America cut their target price on 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. increased 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. Jefferies Financial Group lifted their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. KeyCorp reaffirmed a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Finally, BNP Paribas Exane decreased their target price on shares of PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

Insider Buying and Selling at PPG Industries

In related news, CFO Vincent J. Morales sold 78,095 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president directly owned 15,641 shares of the company’s stock, valued at approximately $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 three months, insiders sold 118,811 shares of company stock valued at $15,219,371. 0.33% of the stock is owned by insiders.

PPG Industries Stock Performance

PPG opened at $103.87 on Monday. The business has a 50 day moving average price of $115.39 and a two-hundred day moving average price of $106.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. PPG Industries, Inc. has a 1-year low of $90.24 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data 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). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. 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 declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s dividend payout ratio is presently 40.92%.

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.