iA Global Asset Management Inc. Buys Shares of 11,564 PPG Industries, Inc. $PPG

iA Global Asset Management Inc. bought a new position in PPG Industries, Inc. (NYSE:PPG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,564 shares of the specialty chemicals company’s stock, valued at approximately $1,236,000.

A number of other large investors have also made changes to their positions in the company. Dorato Capital Management bought a new position in shares of PPG Industries in the 4th quarter worth approximately $26,000. Resources Management Corp CT ADV increased its holdings in PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Quarry LP bought a new position in PPG Industries in the third quarter worth approximately $26,000. Aster Capital Management DIFC Ltd bought a new stake in shares of PPG Industries during the 4th quarter valued at $30,000. Finally, DV Equities LLC purchased a new stake in shares of PPG Industries in the 4th quarter worth $32,000. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PPG has been the subject of several recent research reports. BNP Paribas Exane boosted their price target on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. UBS Group lifted their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Citigroup increased their target price on shares of PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price target on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.40.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $125.30 on Friday. The stock’s 50-day simple moving average is $112.85 and its 200-day simple moving average is $111.81. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.79 and a beta of 1.05. 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 earnings results 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 return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the business posted $1.72 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts expect that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, May 11th. PPG Industries’s dividend payout ratio is presently 40.51%.

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.