D.B. Root & Company LLC Makes New $642,000 Investment in PPG Industries, Inc. $PPG

D.B. Root & Company LLC bought a new position in PPG Industries, Inc. (NYSE:PPG) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,295 shares of the specialty chemicals company’s stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of PPG Industries in the second quarter valued at about $26,000. Keating Financial Advisory Services Inc. purchased a new position in PPG Industries during the 2nd quarter valued at about $28,000. Silvant Capital Management LLC bought a new stake in shares of PPG Industries in the 2nd quarter valued at about $30,000. Quarry LP bought a new stake in shares of PPG Industries in the 3rd quarter valued at about $26,000. Finally, Resources Management Corp CT ADV lifted its position in shares of 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. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PPG. JPMorgan Chase & Co. dropped their price objective on shares of PPG Industries from $126.00 to $125.00 in a research note on Thursday, April 30th. Citigroup cut their price target on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. The Goldman Sachs Group decreased their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Finally, BMO Capital Markets lowered 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. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $126.00.

PPG Industries Trading Up 0.2%

Shares of PPG Industries stock opened at $113.81 on Monday. 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 firm’s 50 day simple moving average is $117.31 and its two-hundred day simple moving average is $113.99. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.65 and a beta of 1.07.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the business earned $2.22 EPS. The business’s revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts predict that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a $0.74 dividend. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. PPG Industries’s payout ratio is presently 42.41%.

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.