Ticino Wealth Acquires New Stake in PPG Industries, Inc. $PPG

Ticino Wealth acquired a new stake in PPG Industries, Inc. (NYSE:PPG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 13,836 shares of the specialty chemicals company’s stock, valued at approximately $1,418,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of PPG Industries by 9.1% during the fourth quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company’s stock valued at $487,000 after buying an additional 339 shares during the period. Integrated Wealth Concepts LLC boosted its stake in PPG Industries by 31.4% during the first quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company’s stock valued at $421,000 after buying an additional 920 shares during the period. Empowered Funds LLC raised its holdings in shares of PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company’s stock valued at $2,882,000 after acquiring an additional 1,526 shares in the last quarter. Woodline Partners LP grew its holdings in shares of PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company’s stock worth $2,143,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in PPG Industries by 6.2% during the second quarter. Cresset Asset Management LLC now owns 6,346 shares of the specialty chemicals company’s stock valued at $722,000 after purchasing an additional 371 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Performance

NYSE:PPG opened at $114.16 on Tuesday. The firm has a market capitalization of $25.55 billion, a PE ratio of 16.45, a P/E/G ratio of 1.73 and a beta of 1.16. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The stock has a 50-day simple moving average of $112.67 and a two-hundred day simple moving average of $107.06. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts forecast that PPG Industries, Inc. will post 7.99 EPS for the current year.

PPG Industries Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.5%. PPG Industries’s payout ratio is 40.92%.

Insider Buying and Selling

In other PPG Industries news, VP Anne M. Foulkes sold 3,594 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the sale, the vice president owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chancey E. Hagerty sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president owned 8,477 shares of the company’s stock, valued at approximately $979,856.43. This trade represents a 20.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 113,611 shares of company stock valued at $14,647,371 over the last three months. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on PPG Industries from $118.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Evercore raised their target price on shares of PPG Industries from $112.00 to $128.00 in a report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on PPG Industries from $117.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Citigroup restated a “neutral” rating and set a $113.00 target price (down from $132.00) on shares of PPG Industries in a report on Wednesday, April 1st. Finally, Royal Bank Of Canada lifted their price target on shares of PPG Industries from $114.00 to $119.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $120.71.

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.