Nvest Wealth Strategies Inc. Takes Position in PPG Industries, Inc. $PPG

Nvest Wealth Strategies Inc. purchased a new stake in PPG Industries, Inc. (NYSE:PPG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,931 shares of the specialty chemicals company’s stock, valued at approximately $505,000. PPG Industries comprises approximately 0.4% of Nvest Wealth Strategies Inc.’s investment portfolio, making the stock its 20th largest position.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake 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 worth $1,593,443,000 after acquiring an additional 2,521,004 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in PPG Industries by 12.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company’s stock worth $658,391,000 after acquiring an additional 703,549 shares in the last quarter. Franklin Resources Inc. lifted its stake in PPG Industries by 39.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company’s stock worth $493,542,000 after acquiring an additional 1,326,619 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in PPG Industries by 15.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company’s stock worth $414,779,000 after acquiring an additional 535,095 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in PPG Industries by 2.2% during the 3rd quarter. Invesco Ltd. now owns 3,398,513 shares of the specialty chemicals company’s stock worth $357,218,000 after acquiring an additional 72,692 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PPG. UBS Group decreased their target price on PPG Industries from $122.00 to $110.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. The Goldman Sachs Group increased their target price on PPG Industries from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho decreased their target price on PPG Industries from $140.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada increased their target price on PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $120.86.

PPG Industries Trading Down 0.3%

PPG opened at $111.31 on Thursday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a market cap of $24.91 billion, a P/E ratio of 16.04, a PEG ratio of 1.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62. The business’s 50-day simple moving average is $111.91 and its 200-day simple moving average is $107.14.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.06). PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. 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 revenue was up 5.0% 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 expect that PPG Industries, Inc. will post 8.02 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s dividend payout ratio is presently 40.92%.

Insider Activity

In other news, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the transaction, the vice president owned 15,641 shares in the company, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vincent J. Morales sold 78,095 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 113,611 shares of company stock worth $14,647,371. 0.33% of the stock is currently owned by insiders.

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.