PPG Industries, Inc. $PPG Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 48.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,990,595 shares of the specialty chemicals company’s stock after buying an additional 2,295,118 shares during the quarter. Franklin Resources Inc.’s holdings in PPG Industries were worth $716,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Pzena Investment Management LLC raised its holdings in PPG Industries by 306.2% in the 4th quarter. Pzena Investment Management LLC now owns 7,098,767 shares of the specialty chemicals company’s stock valued at $727,340,000 after acquiring an additional 5,351,103 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock worth $1,593,443,000 after purchasing an additional 2,521,004 shares during the last quarter. Norges Bank purchased a new stake in shares of PPG Industries in the fourth quarter valued at $209,355,000. First Eagle Investment Management LLC increased its stake in PPG Industries by 12.7% in the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after purchasing an additional 703,549 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in PPG Industries in the third quarter valued at $70,096,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PPG. Mizuho lifted their price target on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Finally, Royal Bank Of Canada lifted their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and an average price target of $121.79.

PPG Industries Stock Performance

Shares of NYSE:PPG opened at $113.01 on Tuesday. The business’s 50-day simple moving average is $108.63 and its 200 day simple moving average is $109.26. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The company has a market cap of $25.19 billion, a P/E ratio of 16.12, a PEG ratio of 1.66 and a beta of 1.06.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, May 11th. PPG Industries’s dividend payout ratio is presently 40.51%.

PPG Industries 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.