National Pension Service Boosts Stock Position in PPG Industries, Inc. $PPG

National Pension Service raised its position in shares of PPG Industries, Inc. (NYSE:PPG) by 17.1% during the 4th quarter, Holdings Channel reports. The firm owned 424,008 shares of the specialty chemicals company’s stock after buying an additional 61,799 shares during the quarter. National Pension Service’s holdings in PPG Industries were worth $43,444,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PPG. Dorato Capital Management purchased a new stake in PPG Industries during the 4th quarter valued at about $26,000. Quarry LP purchased a new stake in shares of PPG Industries in the third quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth about $51,000. Entrust Financial LLC purchased a new stake in shares of PPG Industries in the fourth quarter worth about $55,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of PPG Industries by 2,500.0% in the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group lowered their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Mizuho upped their target price on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. UBS Group upped their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Wells Fargo & Company lowered their target price on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Stock Performance

Shares of PPG stock opened at $113.05 on Monday. The company has a market capitalization of $25.20 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.65 and a beta of 1.06. The business’s 50 day moving average is $107.36 and its two-hundred day moving average is $108.58. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43.

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

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s dividend payout ratio is currently 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.