First Eagle Investment Management LLC Buys 26,793 Shares of PPG Industries, Inc. $PPG

First Eagle Investment Management LLC lifted its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,290,622 shares of the specialty chemicals company’s stock after purchasing an additional 26,793 shares during the quarter. First Eagle Investment Management LLC’s holdings in PPG Industries were worth $644,537,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PPG. AG2R LA Mondiale Gestion D Actifs raised its position in PPG Industries by 21.8% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 13,338 shares of the specialty chemicals company’s stock valued at $1,367,000 after buying an additional 2,391 shares during the last quarter. Kepler Cheuvreux Suisse SA bought a new position in shares of PPG Industries during the 4th quarter worth approximately $2,177,000. Bryn Mawr Trust Advisors LLC bought a new position in shares of PPG Industries during the 4th quarter worth approximately $243,000. Nan Fung Trinity HK Ltd. boosted its stake in shares of PPG Industries by 8.6% during the 4th quarter. Nan Fung Trinity HK Ltd. now owns 269,534 shares of the specialty chemicals company’s stock worth $27,616,000 after acquiring an additional 21,434 shares during the period. Finally, NewEdge Wealth LLC boosted its stake in shares of PPG Industries by 15.9% during the 4th quarter. NewEdge Wealth LLC now owns 4,878 shares of the specialty chemicals company’s stock worth $500,000 after acquiring an additional 669 shares during the period. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analysts Set New Price Targets

PPG has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. The Goldman Sachs Group reduced their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. BNP Paribas Exane lifted their target price on PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Sanford C. Bernstein lifted their target price on PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, Jefferies Financial Group reduced their price target on PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $121.79.

Insider Buying and Selling

In other news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,949,025.01. This trade represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.33% of the stock is currently owned by corporate insiders.

PPG Industries Price Performance

PPG Industries stock opened at $108.02 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The stock has a market capitalization of $24.08 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. The stock has a fifty day moving average of $107.86 and a 200-day moving average of $107.78.

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

PPG Industries Announces Dividend

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