Hsbc Holdings PLC Has $60.22 Million Stake in PPG Industries, Inc. $PPG

Hsbc Holdings PLC reduced its position in PPG Industries, Inc. (NYSE:PPG) by 17.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 587,330 shares of the specialty chemicals company’s stock after selling 120,272 shares during the quarter. Hsbc Holdings PLC’s holdings in PPG Industries were worth $60,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of PPG Industries by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 21,924 shares of the specialty chemicals company’s stock worth $2,246,000 after acquiring an additional 3,910 shares during the period. Kera Capital Partners Inc. raised its position in PPG Industries by 17.9% during the fourth quarter. Kera Capital Partners Inc. now owns 2,449 shares of the specialty chemicals company’s stock valued at $251,000 after purchasing an additional 371 shares in the last quarter. Cambient Family Office LLC acquired a new position in PPG Industries during the fourth quarter valued at approximately $410,000. Compound Planning Inc. bought a new stake in PPG Industries during the fourth quarter worth $2,012,000. Finally, Invesco Ltd. lifted its stake in PPG Industries by 5.9% during the fourth quarter. Invesco Ltd. now owns 3,597,874 shares of the specialty chemicals company’s stock worth $368,638,000 after purchasing an additional 199,361 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PPG. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. BMO Capital Markets raised their price objective on PPG Industries from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft lifted their target price on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. UBS Group boosted their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Mizuho increased their target price on shares of PPG Industries from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $123.00.

PPG Industries Stock Performance

NYSE PPG opened at $118.92 on Tuesday. The firm’s fifty day moving average price is $111.19 and its two-hundred day moving average price is $110.65. The stock has a market cap of $26.51 billion, a PE ratio of 16.96, a PEG ratio of 1.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the prior year, the company earned $1.72 EPS. PPG Industries’s revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts expect that PPG Industries, Inc. will post 7.92 EPS for the current fiscal year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, May 11th were given a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

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.