Pzena Investment Management LLC Has $727.34 Million Stock Position in PPG Industries, Inc. $PPG

Pzena Investment Management LLC lifted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 306.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,098,767 shares of the specialty chemicals company’s stock after purchasing an additional 5,351,103 shares during the quarter. PPG Industries accounts for 2.2% of Pzena Investment Management LLC’s holdings, making the stock its 19th biggest holding. Pzena Investment Management LLC’s holdings in PPG Industries were worth $727,340,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PPG. Brighton Jones LLC grew its holdings in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of PPG Industries by 31.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock worth $421,000 after purchasing an additional 920 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of PPG Industries by 6.1% during the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock worth $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP grew its holdings in shares of PPG Industries by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of PPG Industries by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock worth $722,000 after purchasing an additional 371 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Price Performance

Shares of PPG stock opened at $106.76 on Friday. 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, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The company has a market cap of $23.80 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.52 and a beta of 1.06. The business has a fifty day simple moving average of $106.37 and a 200 day simple moving average of $107.94.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share 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 business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the company earned $1.72 EPS. PPG Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, sell-side analysts forecast that PPG Industries, Inc. will post 7.93 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is currently 40.51%.

Analysts Set New Price Targets

PPG has been the topic of several analyst reports. Evercore increased their target price on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. UBS Group increased their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Wells Fargo & Company dropped their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Finally, Mizuho upped their price objective on PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, PPG Industries currently has a consensus rating of “Hold” and a consensus price target of $121.79.

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.