Insider Selling: PPG Industries (NYSE:PPG) VP Sells $260,077.50 in Stock

PPG Industries, Inc. (NYSE:PPG) VP Chancey Hagerty sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PPG Industries Stock Up 5.3%

Shares of NYSE:PPG opened at $125.86 on Thursday. The firm has a fifty day moving average price of $106.44 and a two-hundred day moving average price of $105.63. The company has a market cap of $28.24 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.08. PPG Industries, Inc. has a one year low of $90.24 and a one year high of $126.04.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.06). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s dividend payout ratio (DPR) is currently 40.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PPG. KeyCorp reissued a “sector weight” rating on shares of PPG Industries in a report on Thursday, January 29th. Wells Fargo & Company increased their target price on PPG Industries from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Citigroup upped their price objective on PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group increased their price objective on PPG Industries from $110.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Evercore ISI dropped their target price on PPG Industries from $145.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, PPG Industries presently has an average rating of “Hold” and an average target price of $123.71.

Hedge Funds Weigh In On PPG Industries

Large investors have recently bought and sold shares of the stock. Whittier Trust Co. lifted its position in PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares during the period. Applied Capital LLC FL raised its stake in shares of PPG Industries by 1.5% during the 4th quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company’s stock valued at $656,000 after buying an additional 95 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of PPG Industries by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,313 shares of the specialty chemicals company’s stock valued at $544,000 after buying an additional 95 shares during the period. Lazard Asset Management LLC boosted its stake in shares of PPG Industries by 6.6% in the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 97 shares during the last quarter. Finally, Waller Financial Planning Group Inc. grew its holdings in PPG Industries by 0.8% during the fourth quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company’s stock worth $1,308,000 after acquiring an additional 100 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

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.