Plato Investment Management Ltd Buys New Shares in PPG Industries, Inc. $PPG

Plato Investment Management Ltd bought a new position in shares of PPG Industries, Inc. (NYSE:PPG) in the second quarter, Holdings Channel reports. The fund bought 19,315 shares of the specialty chemicals company’s stock, valued at approximately $2,329,000.

Several other institutional investors also recently modified their holdings of the stock. Resources Management Corp CT ADV boosted its stake in shares of PPG Industries by 900.0% during the 4th quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Quarry LP acquired a new stake in shares of PPG Industries during the third quarter worth $26,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of PPG Industries during the fourth quarter worth $30,000. Essential Partners LLC lifted its holdings in shares of PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Finally, DV Equities LLC acquired a new position in shares of PPG Industries in the 4th quarter valued at $32,000. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.8%

Shares of NYSE PPG opened at $113.18 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The business has a 50-day moving average price of $117.60 and a two-hundred day moving average price of $114.06. The firm has a market capitalization of $25.16 billion, a PE ratio of 16.21, a PEG ratio of 1.66 and a beta of 1.07.

PPG Industries (NYSE:PPG) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The business 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 quarter in the prior year, the company earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be paid 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 dividend payout ratio (DPR) is currently 42.41%.

Analyst Ratings Changes

Several research firms have issued reports on PPG. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Royal Bank Of Canada dropped their target price on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets cut their price target on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. JPMorgan Chase & Co. reduced their price target on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. Finally, UBS Group decreased their price objective on shares of PPG Industries from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average 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.