Mather Group LLC. Grows Position in PPG Industries, Inc. $PPG

Mather Group LLC. grew its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 142,340 shares of the specialty chemicals company’s stock after buying an additional 13,254 shares during the period. Mather Group LLC.’s holdings in PPG Industries were worth $14,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPG. First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 12.7% during the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock valued at $658,391,000 after purchasing an additional 703,549 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PPG Industries by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock worth $317,421,000 after purchasing an additional 43,702 shares in the last quarter. Walnut Level Capital LLC grew its stake in shares of PPG Industries by 46.8% in the 2nd quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after buying an additional 20,000 shares during the last quarter. GAM Holding AG increased its position in PPG Industries by 97.5% during the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock valued at $2,237,000 after buying an additional 10,508 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in PPG Industries during the third quarter valued at $16,245,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

PPG opened at $105.12 on Friday. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $133.43. The company’s 50 day moving average is $115.52 and its 200 day moving average is $107.02. The company has a current ratio of 1.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.82. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.61 and a beta of 1.15.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th. PPG Industries’s payout ratio is presently 40.92%.

Insider Activity at PPG Industries

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the sale, the vice president owned 15,641 shares in the company, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries 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 in the company, valued at $979,856.43. This represents a 20.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 118,811 shares of company stock worth $15,219,371. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PPG has been the subject of several analyst reports. Bank of America reduced their price target on PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group lifted their target price on shares of PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Wells Fargo & Company boosted their price objective on shares of PPG Industries from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their price objective on PPG Industries from $115.00 to $114.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.07.

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.