Dearborn Partners LLC Buys New Position in PPG Industries, Inc. $PPG

Dearborn Partners LLC purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 4,658 shares of the specialty chemicals company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PPG. Meeder Asset Management Inc. purchased a new stake in shares of PPG Industries during the second quarter valued at approximately $26,000. Resources Management Corp CT ADV lifted its position in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Quarry LP purchased a new position in shares of PPG Industries in the third quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of PPG Industries in the second quarter valued at $28,000. Finally, Silvant Capital Management LLC acquired a new stake in PPG Industries during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.3%

Shares of NYSE PPG opened at $113.28 on Tuesday. The stock’s 50 day moving average price is $117.15 and its two-hundred day moving average price is $113.95. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The stock has a market capitalization of $25.18 billion, a P/E ratio of 16.23, a PEG ratio of 1.65 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the business posted $2.22 EPS. PPG Industries’s 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. On average, analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced 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 a positive change 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 presently 42.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PPG shares. UBS Group cut their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their target price on PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Citigroup dropped their target price on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets reduced their price target on PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Finally, The Goldman Sachs Group lowered their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.00.

About PPG Industries

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.