Natixis Advisors LLC Acquires 52,589 Shares of PPG Industries, Inc. $PPG

Natixis Advisors LLC raised its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,156 shares of the specialty chemicals company’s stock after buying an additional 52,589 shares during the period. Natixis Advisors LLC owned about 0.12% of PPG Industries worth $26,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nvest Wealth Strategies Inc. bought a new stake in PPG Industries in the fourth quarter valued at approximately $505,000. First Eagle Investment Management LLC grew its holdings 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 worth $658,391,000 after purchasing an additional 703,549 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PPG Industries by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company’s stock worth $317,421,000 after buying an additional 43,702 shares during the period. Cooke & Bieler LP increased its stake in shares of PPG Industries by 16.7% in the fourth quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock worth $165,644,000 after buying an additional 231,537 shares during the period. Finally, Wellington Management Group LLP raised its holdings in PPG Industries by 19.9% during the 3rd 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 buying an additional 2,521,004 shares during the last quarter. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Up 0.6%

Shares of PPG Industries stock opened at $112.11 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $108.33 and its two-hundred day simple moving average is $109.01. The company has a market cap of $24.99 billion, a P/E ratio of 15.99, a PEG ratio of 1.63 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 posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts anticipate that PPG Industries, Inc. will post 7.93 EPS for the current year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be issued a $0.71 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.5%. PPG Industries’s dividend payout ratio (DPR) is 40.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Jefferies Financial Group lowered their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Royal Bank Of Canada increased their target price on shares of PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a report on Thursday, April 16th. UBS Group raised their target price on PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Evercore boosted their price target on PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $121.79.

About PPG Industries

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.