Nan Fung Trinity HK Ltd. Buys 21,434 Shares of PPG Industries, Inc. $PPG

Nan Fung Trinity HK Ltd. raised its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 269,534 shares of the specialty chemicals company’s stock after acquiring an additional 21,434 shares during the quarter. PPG Industries makes up 2.2% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 12th largest holding. Nan Fung Trinity HK Ltd.’s holdings in PPG Industries were worth $27,616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPG. Wellington Management Group LLP lifted its holdings in shares of PPG Industries by 19.9% during the third quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company’s stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares during the period. Franklin Resources Inc. increased its stake in shares of PPG Industries by 39.4% in the third quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock valued at $493,542,000 after buying an additional 1,326,619 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of PPG Industries by 72.4% in the third quarter. Pzena Investment Management LLC now owns 1,747,664 shares of the specialty chemicals company’s stock valued at $183,697,000 after buying an additional 733,660 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 12.7% in 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 buying an additional 703,549 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of PPG Industries in the third quarter valued at $70,096,000. 81.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PPG has been the subject of a number of research reports. Zacks Research upgraded PPG Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research note on Thursday, January 29th. Citigroup raised their target price on PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.79.

Insider Transactions at PPG Industries

In related news, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the sale, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $10,230,445.00. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is owned by company insiders.

PPG Industries Price Performance

Shares of PPG stock opened at $109.52 on Friday. The stock has a 50-day moving average price of $108.44 and a 200 day moving average price of $107.70. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.60 and a beta of 1.06. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts expect that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is presently 40.51%.

PPG Industries Company 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.