Insider Selling: PPG Industries (NYSE:PPG) CFO Sells 78,095 Shares of Stock

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 78,095 shares of PPG Industries stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PPG Industries Stock Performance

PPG stock traded down $2.43 during mid-day trading on Wednesday, reaching $126.75. 428,356 shares of the stock traded hands, compared to its average volume of 2,232,499. The firm has a market capitalization of $28.44 billion, a PE ratio of 18.28, a P/E/G ratio of 1.97 and a beta of 1.16. The business has a 50-day moving average of $111.61 and a two-hundred day moving average of $106.67. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

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

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued 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 is presently 40.92%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PPG shares. UBS Group increased their price objective on PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Royal Bank Of Canada upped their target price on shares of PPG Industries from $109.00 to $115.00 and gave the stock a “sector perform” rating in a report on Thursday, January 29th. Jefferies Financial Group lifted their price target on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, January 29th. 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 report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $124.79.

Institutional Trading of PPG Industries

Hedge funds have recently modified their holdings of the stock. CNB Bank grew its holdings in PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares during the period. IFP Advisors Inc boosted its position in shares of PPG Industries by 2.7% during the fourth quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of PPG Industries by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after buying an additional 89 shares during the period. Insigneo Advisory Services LLC increased its position in shares of PPG Industries by 4.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after buying an additional 92 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of PPG Industries by 1.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company’s stock valued at $874,000 after buying an additional 92 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

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.