4,580 Shares in PPG Industries, Inc. $PPG Purchased by Trillium Asset Management LLC

Trillium Asset Management LLC bought a new stake in PPG Industries, Inc. (NYSE:PPG) during the second quarter, Holdings Channel.com reports. The institutional investor bought 4,580 shares of the specialty chemicals company’s stock, valued at approximately $556,000.

A number of other institutional investors have also made changes to their positions in PPG. Glaxis Capital Management LLC purchased a new stake in shares of PPG Industries in the 2nd quarter valued at approximately $243,000. Vise Technologies Inc. purchased a new position in shares of PPG Industries during the 2nd quarter worth approximately $440,000. Frazier Financial Advisors LLC acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $340,000. Csenge Advisory Group acquired a new stake in PPG Industries in the 2nd quarter valued at approximately $213,000. Finally, NewEdge Wealth LLC purchased a new stake in PPG Industries in the second quarter valued at approximately $718,000. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Trading Up 1.2%

PPG opened at $113.81 on Friday. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The business has a fifty day moving average price of $117.31 and a 200 day moving average price of $114.01.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts expect that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a $0.74 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries’s payout ratio is presently 42.41%.

Analysts Set New Price Targets

PPG has been the subject of several research analyst reports. Wall Street Zen lowered PPG Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BNP Paribas Exane increased their target price on PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Bank of America raised PPG Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $127.00 to $134.00 in a research report on Friday, July 17th. Finally, Mizuho increased their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price of $126.00.

PPG Industries Company 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.