Trilogy Capital Inc. Invests $4.11 Million in PPG Industries, Inc. $PPG

Trilogy Capital Inc. bought a new stake in PPG Industries, Inc. (NYSE:PPG) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 33,904 shares of the specialty chemicals company’s stock, valued at approximately $4,112,000.

Several other institutional investors also recently bought and sold shares of the stock. Resources Management Corp CT ADV increased its stake in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 225 shares during the period. Quarry LP bought a new stake in PPG Industries in the third quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of PPG Industries during the fourth quarter valued at approximately $30,000. Essential Partners LLC boosted its stake in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 112 shares during the period. Finally, DV Equities LLC bought a new position in shares of PPG Industries in the fourth quarter worth approximately $32,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PPG has been the topic of several analyst reports. Wall Street Zen downgraded shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Mizuho raised their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets cut their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, UBS Group lowered their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, PPG Industries has an average rating of “Hold” and a consensus price target of $126.00.

PPG Industries Price Performance

Shares of PPG Industries stock opened at $113.83 on Tuesday. The business has a 50 day moving average of $116.86 and a 200 day moving average of $113.69. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a market cap of $25.31 billion, a PE ratio of 16.31, a P/E/G ratio of 1.60 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts forecast that PPG Industries, Inc. will post 7.9 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a dividend of $0.74 per share. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s payout ratio is 40.69%.

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.