Danske Bank A S Purchases Shares of 156,978 PPG Industries, Inc. $PPG

Danske Bank A S purchased a new position in PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 156,978 shares of the specialty chemicals company’s stock, valued at approximately $19,040,000. Danske Bank A S owned about 0.07% of PPG Industries as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PPG. BlackRock Inc. purchased a new stake in shares of PPG Industries during the second quarter worth about $2,856,392,000. Pzena Investment Management LLC purchased a new position in PPG Industries during the 2nd quarter valued at about $946,964,000. Bank of New York Mellon Corp purchased a new position in PPG Industries during the 2nd quarter valued at about $318,870,000. Franklin Resources Inc. raised its position in PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after purchasing an additional 2,295,118 shares during the last quarter. Finally, Norges Bank bought a new position in PPG Industries during the 4th quarter valued at approximately $209,355,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PPG shares. BNP Paribas Exane lifted their price objective on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. BMO Capital Markets decreased their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Finally, Royal Bank Of Canada dropped their target price on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.00.

PPG Industries Price Performance

PPG opened at $112.53 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The stock has a fifty day simple moving average of $117.42 and a two-hundred day simple moving average of $114.01. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business had revenue of $4.50 billion for 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Monday, August 10th. 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%. PPG Industries’s payout ratio is presently 42.41%.

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.