PPG Industries, Inc. $PPG Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its holdings in shares of PPG Industries, Inc. (NYSE:PPG) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 151,470 shares of the specialty chemicals company’s stock after selling 9,364 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in PPG Industries were worth $18,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in PPG Industries during the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of PPG Industries during the second quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of PPG Industries during the second quarter worth approximately $29,000. Silvant Capital Management LLC bought a new stake in shares of PPG Industries in the second quarter worth $30,000. Finally, Quarry LP bought a new stake in shares of PPG Industries in the third quarter worth $26,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PPG shares. Wall Street Zen lowered shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup lowered their price objective on PPG Industries from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Mizuho upped their price objective on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Finally, Royal Bank Of Canada reduced their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $126.00.

PPG Industries Trading Up 1.7%

NYSE:PPG opened at $112.59 on Friday. The firm has a market capitalization of $25.03 billion, a P/E ratio of 16.13, a P/E/G ratio of 1.80 and a beta of 1.07. The business has a 50 day simple moving average of $115.83 and a 200 day simple moving average of $113.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43.

PPG Industries (NYSE:PPG) last posted its 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). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the business posted $2.22 earnings per share. The business’s quarterly revenue 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. Equities research analysts predict that PPG Industries, Inc. will post 7.89 EPS for the current year.

PPG Industries Increases Dividend

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

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.