PPG Industries, Inc. $PPG Shares Purchased by Mattern Capital Management LLC

Mattern Capital Management LLC boosted its holdings in PPG Industries, Inc. (NYSE:PPG) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,617 shares of the specialty chemicals company’s stock after acquiring an additional 7,498 shares during the period. Mattern Capital Management LLC’s holdings in PPG Industries were worth $8,260,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries in the third quarter valued at approximately $26,000. Quarry LP purchased a new stake in PPG Industries in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new stake in PPG Industries in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in PPG Industries in the third quarter valued at approximately $30,000. Finally, Quent Capital LLC purchased a new stake in PPG Industries in the third quarter valued at approximately $57,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Down 0.4%

PPG Industries stock opened at $109.86 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $111.07 and its 200-day simple moving average is $107.20. The firm has a market capitalization of $24.59 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.52 and a beta of 1.16. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43.

PPG Industries (NYSE:PPG) last issued 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). The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts expect that PPG Industries, Inc. will post 8 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s payout ratio is presently 40.92%.

Insider Buying and Selling

In related news, VP Chancey E. Hagerty sold 2,250 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president owned 15,641 shares of the company’s stock, valued at approximately $1,949,025.01. The trade was a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 113,611 shares of company stock worth $14,647,371. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PPG. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on PPG Industries from $117.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. UBS Group cut their target price on PPG Industries from $122.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Sanford C. Bernstein upped their price objective on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Citigroup reaffirmed a “neutral” rating and set a $113.00 price objective (down from $132.00) on shares of PPG Industries in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, PPG Industries has a consensus rating of “Hold” and a consensus target price of $120.86.

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.