6,475 Shares in PPG Industries, Inc. $PPG Bought by Haverford Trust Co

Haverford Trust Co bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,475 shares of the specialty chemicals company’s stock, valued at approximately $785,000.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries during the 2nd quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $28,000. Silvant Capital Management LLC acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $30,000. Quarry LP bought a new position in PPG Industries in the 3rd quarter worth approximately $26,000. Finally, Resources Management Corp CT ADV increased its position in PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $113.81 on Friday. The business has a fifty day simple moving average of $117.31 and a 200 day simple moving average of $114.01. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business earned $2.22 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is currently 42.41%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BNP Paribas Exane upped their target price on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Mizuho raised their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets dropped their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Citigroup reduced their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.00.

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.