Jefferies Financial Group Inc. Makes New $837,000 Investment in PPG Industries, Inc. $PPG

Jefferies Financial Group Inc. bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,170 shares of the specialty chemicals company’s stock, valued at approximately $837,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PPG. Pzena Investment Management LLC raised its position in PPG Industries by 306.2% during the fourth quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock worth $727,340,000 after acquiring an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after buying an additional 2,521,004 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of PPG Industries by 39.4% during the third quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock worth $493,542,000 after buying an additional 1,326,619 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of PPG Industries by 12.7% during the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after buying an additional 703,549 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of PPG Industries during the third quarter worth about $70,096,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a report on Thursday, March 26th. JPMorgan Chase & Co. lowered their target price on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. UBS Group boosted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane boosted their target price on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.79.

PPG Industries Price Performance

PPG Industries stock opened at $113.05 on Friday. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The firm has a fifty day moving average of $107.36 and a 200-day moving average of $108.49. The firm has a market capitalization of $25.20 billion, a P/E ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.5%. PPG Industries’s dividend payout ratio is presently 40.51%.

PPG Industries Company 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.