Corient Private Wealth LP Invests $22.13 Million in PPG Industries, Inc. $PPG

Corient Private Wealth LP acquired a new stake in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 182,457 shares of the specialty chemicals company’s stock, valued at approximately $22,131,000.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in PPG Industries during the second quarter worth about $26,000. Keating Financial Advisory Services Inc. bought a new stake in PPG Industries in the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new stake in PPG Industries in the 2nd quarter valued at about $30,000. Quarry LP acquired a new stake in PPG Industries in the 3rd quarter valued at about $26,000. Finally, Resources Management Corp CT ADV boosted its position in shares of PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Up 0.5%

Shares of PPG opened at $114.06 on Friday. The business’s 50-day moving average price is $116.77 and its 200 day moving average price is $113.70. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $25.36 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

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

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, July 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. Royal Bank Of Canada reduced their target price on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. BMO Capital Markets dropped their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Finally, The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has an average rating of “Hold” and a consensus price target of $126.00.

PPG Industries 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.