5,883 Shares in PPG Industries, Inc. $PPG Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new position in PPG Industries, Inc. (NYSE:PPG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,883 shares of the specialty chemicals company’s stock, valued at approximately $713,000.

Several other large investors also recently made changes to their positions in PPG. Meeder Asset Management Inc. acquired a new stake in shares of PPG Industries in the second quarter valued at $26,000. Resources Management Corp CT ADV raised its holdings in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 225 shares during the last quarter. Quarry LP acquired a new position in PPG Industries during the 3rd quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new position in PPG Industries during the 2nd quarter worth about $28,000. Finally, Silvant Capital Management LLC bought a new stake in PPG Industries during the 2nd quarter worth about $30,000. Institutional investors own 81.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup lowered their price objective on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Mizuho increased their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, UBS Group dropped their target price on PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $126.00.

PPG Industries Stock Performance

PPG stock opened at $113.28 on Tuesday. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company has a market cap of $25.18 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. The business’s fifty day moving average is $117.15 and its 200-day moving average is $113.95.

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

PPG Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 10th. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio is presently 42.41%.

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.