TD Asset Management Inc Sells 5,096 Shares of PPG Industries, Inc. $PPG

TD Asset Management Inc trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,775 shares of the specialty chemicals company’s stock after selling 5,096 shares during the period. TD Asset Management Inc’s holdings in PPG Industries were worth $23,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its position in PPG Industries by 53.3% during the 4th quarter. CIBC Asset Management Inc now owns 57,348 shares of the specialty chemicals company’s stock valued at $5,876,000 after purchasing an additional 19,936 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of PPG Industries by 15.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 1,146 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 152 shares during the period. Bridges Investment Management Inc. increased its stake in shares of PPG Industries by 8.8% during the fourth quarter. Bridges Investment Management Inc. now owns 19,842 shares of the specialty chemicals company’s stock valued at $2,033,000 after buying an additional 1,602 shares during the period. Natixis Advisors LLC raised its holdings in shares of PPG Industries by 25.0% during the fourth quarter. Natixis Advisors LLC now owns 263,156 shares of the specialty chemicals company’s stock valued at $26,963,000 after acquiring an additional 52,589 shares in the last quarter. Finally, Heritage Trust Co purchased a new stake in PPG Industries in the fourth quarter worth $208,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. BNP Paribas Exane upped their price objective on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. UBS Group boosted their price target on shares of PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 2nd. Mizuho raised their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their target price on PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.79.

PPG Industries Stock Up 0.2%

NYSE:PPG opened at $114.08 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. The firm’s 50-day moving average price is $108.47 and its 200-day moving average price is $109.14. The company has a market capitalization of $25.43 billion, a PE ratio of 16.27, a P/E/G ratio of 1.66 and a beta of 1.06. 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 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. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. PPG Industries’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts predict that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s 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.