Aberdeen Group plc Sells 23,142 Shares of PPG Industries, Inc. $PPG

Aberdeen Group plc trimmed its position in shares of PPG Industries, Inc. (NYSE:PPG) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,021 shares of the specialty chemicals company’s stock after selling 23,142 shares during the quarter. Aberdeen Group plc owned 0.10% of PPG Industries worth $23,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake 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 during the period. Integrated Wealth Concepts LLC lifted its stake in PPG Industries by 31.4% in the first 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 during the last quarter. Empowered Funds LLC boosted its position in shares of PPG Industries by 6.1% during the first quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after buying an additional 1,526 shares during the period. Woodline Partners LP grew its stake in shares of PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock valued at $2,143,000 after buying an additional 5,667 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of PPG Industries by 4.8% in the second quarter. Nordea Investment Management AB now owns 20,416 shares of the specialty chemicals company’s stock worth $2,324,000 after buying an additional 938 shares during the period. Institutional investors own 81.86% of the company’s stock.

PPG Industries Stock Down 1.7%

PPG Industries stock opened at $129.10 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $28.97 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.97 and a beta of 1.16. The business has a fifty day moving average of $111.61 and a two-hundred day moving average of $106.67. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $133.43.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, analysts forecast that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.2%. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 29,672 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the sale, the chief financial officer owned 28,439 shares of the company’s stock, valued at approximately $3,554,875. This trade represents a 51.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president owned 8,477 shares in the company, valued at $979,856.43. The trade was a 20.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 37,122 shares of company stock worth $4,541,078. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PPG has been the subject of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Evercore reduced their price target on shares of PPG Industries from $145.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. The Goldman Sachs Group lifted their price objective on shares of PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wells Fargo & Company upped their target price on shares of PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, BNP Paribas Exane lowered their price target on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $124.79.

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.