NEOS Investment Management LLC Has $2.65 Million Stake in PPG Industries, Inc. $PPG

NEOS Investment Management LLC boosted its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 45.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,163 shares of the specialty chemicals company’s stock after buying an additional 7,909 shares during the quarter. NEOS Investment Management LLC’s holdings in PPG Industries were worth $2,645,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PPG. GSA Capital Partners LLP acquired a new position in shares of PPG Industries in the third quarter worth approximately $432,000. Merit Financial Group LLC raised its holdings in PPG Industries by 1.6% during the 3rd quarter. Merit Financial Group LLC now owns 9,377 shares of the specialty chemicals company’s stock worth $986,000 after purchasing an additional 146 shares during the last quarter. Glenview Trust Co lifted its position in shares of PPG Industries by 1.7% in the 3rd quarter. Glenview Trust Co now owns 16,616 shares of the specialty chemicals company’s stock worth $1,747,000 after purchasing an additional 282 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in shares of PPG Industries by 201.9% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 8,371 shares of the specialty chemicals company’s stock valued at $880,000 after purchasing an additional 5,598 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of PPG Industries by 1,584.9% during the third quarter. Ameritas Advisory Services LLC now owns 26,335 shares of the specialty chemicals company’s stock worth $2,768,000 after buying an additional 24,772 shares during the period. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PPG shares. Mizuho boosted their target price on shares of PPG Industries from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Jefferies Financial Group boosted their price objective on PPG Industries from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. BNP Paribas Exane decreased their target price on PPG Industries from $113.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a report on Wednesday, January 28th. Finally, Bank of America cut their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $124.79.

PPG Industries Trading Down 3.2%

NYSE PPG opened at $124.14 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The business has a 50 day moving average price of $112.59 and a 200-day moving average price of $106.94. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.93 and a beta of 1.16.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.67%. The business’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 business posted $1.61 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

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

Insider Activity

In other PPG Industries news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 115,217 shares of company stock worth $14,771,523. 0.33% of the stock is owned by insiders.

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.