Vaughan David Investments LLC IL Sells 5,900 Shares of PPG Industries, Inc. $PPG

Vaughan David Investments LLC IL lessened its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,366 shares of the specialty chemicals company’s stock after selling 5,900 shares during the period. Vaughan David Investments LLC IL owned approximately 0.13% of PPG Industries worth $30,263,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PPG. Dorato Capital Management bought a new position in shares of PPG Industries during the 4th quarter valued at about $26,000. Quarry LP bought a new position in shares of PPG Industries during the 3rd quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of PPG Industries during the 4th quarter valued at about $51,000. Entrust Financial LLC bought a new position in shares of PPG Industries during the 4th quarter valued at about $55,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of PPG Industries by 226.7% during the 4th quarter. Rosenberg Matthew Hamilton now owns 624 shares of the specialty chemicals company’s stock valued at $64,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 81.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PPG shares. Deutsche Bank Aktiengesellschaft lifted their price objective on PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Weiss Ratings cut PPG Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their target price on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Mizuho lifted their target price on PPG Industries from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, UBS Group lifted their target price on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.79.

PPG Industries Stock Up 4.9%

NYSE:PPG opened at $118.48 on Friday. The firm has a market capitalization of $26.41 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The stock’s 50 day moving average price is $109.29 and its two-hundred day moving average price is $109.68. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities research analysts expect that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.4%. PPG Industries’s payout ratio is 40.51%.

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.