Grandfield & Dodd LLC Increases Position in PPG Industries, Inc. $PPG

Grandfield & Dodd LLC boosted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,791 shares of the specialty chemicals company’s stock after acquiring an additional 8,269 shares during the period. Grandfield & Dodd LLC owned 0.06% of PPG Industries worth $14,938,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PPG. Pzena Investment Management LLC grew its stake in PPG Industries by 306.2% during the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after acquiring an additional 5,351,103 shares in the last quarter. Wellington Management Group LLP grew its stake in PPG Industries by 19.9% during the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares in the last quarter. Norges Bank purchased a new stake in PPG Industries during the 4th quarter valued at about $209,355,000. Franklin Resources Inc. boosted its holdings in PPG Industries by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after purchasing an additional 1,326,619 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings 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 valued at $658,391,000 after purchasing an additional 703,549 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Performance

NYSE:PPG opened at $113.05 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.65 and a beta of 1.06. The company’s 50-day moving average is $107.36 and its two-hundred day moving average is $108.49. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 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 firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the business posted $1.72 EPS. The business’s revenue for the quarter 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. Analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore boosted their target price on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of PPG Industries in a report on Monday, May 11th. Wells Fargo & Company decreased their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Finally, Mizuho boosted their target price on shares of PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $121.79.

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.