BNP Paribas Financial Markets Has $40.63 Million Stock Position in PPG Industries, Inc. $PPG

BNP Paribas Financial Markets decreased its position in PPG Industries, Inc. (NYSE:PPG) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 396,517 shares of the specialty chemicals company’s stock after selling 154,430 shares during the period. BNP Paribas Financial Markets’ holdings in PPG Industries were worth $40,627,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new position in PPG Industries in the 4th quarter valued at approximately $26,000. Quarry LP acquired a new position in PPG Industries in the 3rd quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in PPG Industries in the 4th quarter valued at approximately $51,000. Entrust Financial LLC acquired a new position in PPG Industries in the 4th quarter valued at approximately $55,000. Finally, Cornerstone Planning Group LLC raised its holdings in PPG Industries by 2,500.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock valued at $60,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PPG shares. Royal Bank Of Canada increased their target price on PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. dropped their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their target price on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. BNP Paribas Exane increased their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Finally, Citigroup increased their target price on PPG Industries from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, PPG Industries presently has a consensus rating of “Hold” and a consensus target price of $121.79.

PPG Industries Stock Down 1.9%

NYSE PPG opened at $111.48 on Thursday. The firm has a market cap of $24.85 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The stock’s 50 day simple moving average is $108.15 and its 200 day simple moving average is $108.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts forecast that PPG Industries, Inc. will post 7.93 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given 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 yield of 2.5%. PPG Industries’s dividend payout ratio is 40.51%.

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.