Pzena Investment Management LLC Acquires Shares of 7,807,438 PPG Industries, Inc. $PPG

Pzena Investment Management LLC acquired a new stake in PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,807,438 shares of the specialty chemicals company’s stock, valued at approximately $946,964,000. PPG Industries makes up 2.8% of Pzena Investment Management LLC’s investment portfolio, making the stock its 11th biggest position. Pzena Investment Management LLC owned approximately 3.51% of PPG Industries at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CNB Bank raised its stake in PPG Industries by 1.8% in the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after buying an additional 80 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock valued at $338,000 after acquiring an additional 87 shares during the last quarter. Evolve Private Wealth LLC raised its position in shares of PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 92 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in PPG Industries by 1.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after purchasing an additional 92 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

Shares of NYSE PPG opened at $113.18 on Tuesday. The stock has a market cap of $25.16 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.66 and a beta of 1.07. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The stock has a 50 day moving average of $117.60 and a two-hundred day moving average of $114.06. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts forecast that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s payout ratio is 42.41%.

Wall Street Analyst Weigh In

PPG has been the subject of several recent analyst reports. Bank of America upgraded shares of PPG Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. JPMorgan Chase & Co. dropped their target price on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Mizuho boosted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada decreased their price objective on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.00.

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.