Pzena Investment Management LLC Purchases 733,660 Shares of PPG Industries, Inc. $PPG

Pzena Investment Management LLC increased its position in PPG Industries, Inc. (NYSE:PPG) by 72.4% in the third quarter, Holdings Channel.com reports. The fund owned 1,747,664 shares of the specialty chemicals company’s stock after purchasing an additional 733,660 shares during the period. Pzena Investment Management LLC’s holdings in PPG Industries were worth $183,697,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new position in shares of PPG Industries during the third quarter valued at $26,000. Root Financial Partners LLC purchased a new position in PPG Industries in the 3rd quarter worth about $30,000. Vermillion & White Wealth Management Group LLC raised its position in PPG Industries by 100.7% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 137 shares during the last quarter. Rothschild Investment LLC lifted its stake in PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 184 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of PPG Industries by 1,515.8% during the 2nd quarter. Addison Advisors LLC now owns 307 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 288 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PPG Industries

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the sale, the vice president directly owned 8,477 shares in the company, valued at approximately $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,217 shares of company stock worth $14,771,523 over the last 90 days. Insiders own 0.33% of the company’s stock.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $128.24 on Thursday. The stock has a market cap of $28.78 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.47. The stock’s fifty day moving average is $112.17 and its 200 day moving average is $106.82. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last issued its quarterly 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 company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company earned $1.61 EPS. The business’s quarterly revenue 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. Sell-side analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Dividend Announcement

The company 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 dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is presently 40.92%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PPG. Jefferies Financial Group increased their price objective on shares of PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, January 29th. Berenberg Bank decreased their target price on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. UBS Group raised their price target on PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. The Goldman Sachs Group upped their price objective on PPG Industries from $118.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.