PPG Industries, Inc. $PPG Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 6.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 658,600 shares of the specialty chemicals company’s stock after acquiring an additional 40,100 shares during the quarter. Swiss National Bank’s holdings in PPG Industries were worth $70,391,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new position in shares of PPG Industries during the 1st quarter valued at $2,555,000. Heartland Advisors Inc. raised its position in PPG Industries by 71.0% in the first quarter. Heartland Advisors Inc. now owns 64,765 shares of the specialty chemicals company’s stock valued at $6,922,000 after purchasing an additional 26,884 shares during the period. Kera Capital Partners Inc. raised its position in PPG Industries by 9.3% in the first quarter. Kera Capital Partners Inc. now owns 2,676 shares of the specialty chemicals company’s stock valued at $286,000 after purchasing an additional 227 shares during the period. Modera Wealth Management LLC lifted its stake in shares of PPG Industries by 22.1% during the first quarter. Modera Wealth Management LLC now owns 4,067 shares of the specialty chemicals company’s stock worth $435,000 after purchasing an additional 737 shares in the last quarter. Finally, Advisortrust Partners LLC lifted its stake in shares of PPG Industries by 8.3% during the first quarter. Advisortrust Partners LLC now owns 3,995 shares of the specialty chemicals company’s stock worth $427,000 after purchasing an additional 307 shares in the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. UBS Group boosted their price target on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price target on PPG Industries from $119.00 to $129.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Finally, Mizuho lifted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $126.13.

PPG Industries Price Performance

Shares of PPG stock opened at $115.67 on Wednesday. The firm has a market cap of $25.78 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.67 and a beta of 1.05. 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 1-year low of $93.39 and a 1-year high of $133.43. The firm has a fifty day moving average of $115.13 and a two-hundred day moving average of $113.10.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the business posted $1.72 EPS. The company’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. As a group, research analysts anticipate that PPG Industries, Inc. will post 7.94 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.74 per share. The ex-dividend date is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a yield of 2.6%. PPG Industries’s payout ratio is currently 42.23%.

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.