Tidal Investments LLC Has $7.82 Million Holdings in PPG Industries, Inc. $PPG

Tidal Investments LLC lessened its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 92.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,441 shares of the specialty chemicals company’s stock after selling 770,556 shares during the period. Tidal Investments LLC’s holdings in PPG Industries were worth $7,816,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in PPG Industries in the 2nd quarter worth approximately $26,000. Resources Management Corp CT ADV raised its position in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Quarry LP bought a new position in shares of PPG Industries in the third quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of PPG Industries in the second quarter worth $28,000. Finally, Community Bank N.A. bought a new stake in shares of PPG Industries during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PPG. Weiss Ratings upgraded shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Citigroup decreased their price target on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. UBS Group lowered their price target on PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Mizuho lifted their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.44.

Key PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

PPG Industries Price Performance

Shares of PPG Industries stock opened at $105.55 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $133.43. The firm has a fifty day moving average price of $114.32 and a two-hundred day moving average price of $112.35. The company has a market cap of $23.46 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07.

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

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 10th were paid a dividend of $0.74 per share. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 10th. PPG Industries’s dividend payout ratio is presently 42.41%.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.