7,296 Shares in PPG Industries, Inc. $PPG Bought by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,296 shares of the specialty chemicals company’s stock, valued at approximately $885,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PPG. Cooke & Bieler LP raised its stake in PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after purchasing an additional 231,537 shares during the period. Bank of Nova Scotia purchased a new position in PPG Industries in the 2nd quarter worth approximately $2,850,000. Equity Investment Corp boosted its stake in PPG Industries by 3.4% in the 4th quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock worth $101,981,000 after purchasing an additional 32,337 shares during the period. ProShare Advisors LLC boosted its stake in PPG Industries by 6.6% in the 4th quarter. ProShare Advisors LLC now owns 1,600,226 shares of the specialty chemicals company’s stock worth $163,959,000 after purchasing an additional 98,430 shares during the period. Finally, Entropy Technologies LP grew its holdings in PPG Industries by 80.2% during the 4th quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock valued at $6,330,000 after buying an additional 27,493 shares in the last quarter. 81.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PPG shares. BNP Paribas Exane lifted their price objective on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Bank of America raised shares of PPG Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $127.00 to $134.00 in a research note on Friday, July 17th. BMO Capital Markets reduced their price target 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. Mizuho boosted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Finally, Citigroup dropped their price objective on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $126.00.

PPG Industries Stock Down 0.8%

Shares of NYSE:PPG opened at $113.45 on Friday. The company has a market cap of $25.22 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.66 and a beta of 1.07. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. 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 company has a 50-day moving average price of $116.85 and a 200 day moving average price of $113.70.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the business earned $2.22 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

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

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.