Handelsbanken Fonder AB Has $6.73 Million Stock Holdings in PPG Industries, Inc. $PPG

Handelsbanken Fonder AB cut its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,667 shares of the specialty chemicals company’s stock after selling 21,889 shares during the period. Handelsbanken Fonder AB’s holdings in PPG Industries were worth $6,728,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PPG. Dorato Capital Management acquired a new stake in shares of PPG Industries during the fourth quarter worth $26,000. Quarry LP acquired a new stake in shares of PPG Industries during the third quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of PPG Industries during the third quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $51,000. Finally, Entrust Financial LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $55,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on PPG shares. Mizuho upped their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company dropped their price target on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. Zacks Research raised PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, UBS Group upped their price target on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $121.79.

PPG Industries Stock Performance

Shares of PPG stock opened at $107.90 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The stock’s 50-day moving average is $106.45 and its two-hundred day moving average is $107.94. The firm has a market cap of $24.05 billion, a P/E ratio of 15.39, a PEG ratio of 1.56 and a beta of 1.06.

PPG Industries (NYSE:PPG) last issued its earnings results 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 company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the firm posted $1.72 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts predict that PPG Industries, Inc. will post 7.93 earnings per share 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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio is 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.