Dearborn Partners LLC Makes New $565,000 Investment in PPG Industries, Inc. $PPG

Dearborn Partners LLC purchased a new stake in PPG Industries, Inc. (NYSE:PPG) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,658 shares of the specialty chemicals company’s stock, valued at approximately $565,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PPG. Quarry LP purchased a new position in PPG Industries in the third quarter worth approximately $26,000. Resources Management Corp CT ADV raised its holdings in shares of PPG Industries by 900.0% in the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of PPG Industries in the 2nd quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of PPG Industries during the 2nd quarter worth $28,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of PPG Industries during the fourth quarter worth $30,000. 81.86% of the stock is owned by institutional investors and hedge funds.

PPG Industries Stock Performance

Shares of PPG stock opened at $114.06 on Friday. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $116.77 and its 200 day moving average price is $113.70. The stock has a market capitalization of $25.36 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the business earned $2.22 earnings per share. PPG Industries’s revenue for the quarter was up 7.2% 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 forecast that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

The firm 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 represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

Wall Street Analyst Weigh In

PPG has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price target on PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group cut their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. UBS Group decreased their target price on PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. BMO Capital Markets dropped their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Finally, Citigroup cut their price objective on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.