315,870 Shares in PPG Industries, Inc. $PPG Purchased by Vega Investment Solutions

Vega Investment Solutions acquired a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 315,870 shares of the specialty chemicals company’s stock, valued at approximately $38,312,000. PPG Industries makes up approximately 5.4% of Vega Investment Solutions’ holdings, making the stock its 4th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in PPG Industries during the second quarter worth $2,856,392,000. State Street Corp raised its holdings in shares of PPG Industries by 4.6% during the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company’s stock worth $1,314,529,000 after buying an additional 565,523 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of PPG Industries during the 2nd quarter worth $946,964,000. Franklin Resources Inc. boosted its stake in PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after buying an additional 2,295,118 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in PPG Industries by 0.4% in the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company’s stock valued at $644,537,000 after acquiring an additional 26,793 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Down 0.3%

NYSE PPG opened at $113.28 on Tuesday. The firm has a market capitalization of $25.18 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The business’s 50-day moving average price is $117.15 and its two-hundred day moving average price is $113.95. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current 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 issued a $0.74 dividend. 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 dividend on an annualized basis and a yield of 2.6%. PPG Industries’s dividend payout ratio is presently 42.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Mizuho raised their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Citigroup lowered their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $127.00 to $134.00 in a report on Friday, July 17th. Finally, BNP Paribas Exane upped their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price 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.