Parr Mcknight Wealth Management Group LLC Lowers Holdings in PPG Industries, Inc. $PPG

Parr Mcknight Wealth Management Group LLC lessened its holdings in PPG Industries, Inc. (NYSE:PPG) by 53.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,276 shares of the specialty chemicals company’s stock after selling 6,138 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in PPG Industries were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pzena Investment Management LLC raised its holdings in shares of PPG Industries by 306.2% in 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 raised its stake in PPG Industries by 19.9% in the third 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 purchasing an additional 2,521,004 shares in the last quarter. Norges Bank purchased a new stake in shares of PPG Industries during the 4th quarter valued at $209,355,000. Franklin Resources Inc. raised its position in shares of PPG Industries by 39.4% during 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 buying an additional 1,326,619 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of PPG Industries by 12.7% during 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 buying an additional 703,549 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Price Performance

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

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the business earned $1.72 EPS. PPG Industries’s 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. Analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.71 per share. 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 payout ratio is 40.51%.

Wall Street Analyst Weigh In

PPG has been the topic of several research reports. Citigroup raised their price objective on shares of PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of PPG Industries in a research report on Monday, May 11th. Royal Bank Of Canada raised their price objective on PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Evercore raised their price objective on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Finally, Mizuho lifted their price target on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus target price 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.