Evelyn Partners Asset Management Ltd Sells 10,320 Shares of PPG Industries, Inc. $PPG

Evelyn Partners Asset Management Ltd trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 22.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,824 shares of the specialty chemicals company’s stock after selling 10,320 shares during the period. Evelyn Partners Asset Management Ltd’s holdings in PPG Industries were worth $3,568,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dorato Capital Management acquired a new position in PPG Industries during the 4th quarter valued at about $26,000. Quarry LP acquired a new position in PPG Industries during the 3rd quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in PPG Industries during the 4th quarter valued at about $51,000. Entrust Financial LLC acquired a new position in PPG Industries during the 4th quarter valued at about $55,000. Finally, Rosenberg Matthew Hamilton boosted its stake in 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 during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Price Performance

PPG Industries stock opened at $119.27 on Friday. 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 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The business’s 50 day simple moving average is $109.55 and its 200 day simple moving average is $109.75. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.74 and a beta of 1.06.

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

PPG Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, May 11th were paid a $0.71 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.84 annualized dividend and a yield of 2.4%. PPG Industries’s dividend payout ratio is presently 40.51%.

Analysts Set New Price Targets

A number of research firms have issued reports on PPG. The Goldman Sachs Group cut their price target on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Citigroup lifted their price target on PPG Industries from $113.00 to $114.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Evercore lifted their price target on PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. UBS Group lifted their price target on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $119.00 price target on shares of PPG Industries in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus target price 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.