Rhumbline Advisers Decreases Stock Holdings in PPG Industries, Inc. $PPG

Rhumbline Advisers reduced its stake in shares of PPG Industries, Inc. (NYSE:PPG) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 431,794 shares of the specialty chemicals company’s stock after selling 12,538 shares during the period. Rhumbline Advisers owned 0.19% of PPG Industries worth $45,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. acquired a new position in PPG Industries during the third quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of PPG Industries in the 3rd quarter worth $30,000. Gladwyn Financial Advisors Inc. purchased a new position in shares of PPG Industries during the 2nd quarter worth $31,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of PPG Industries by 100.7% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 273 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in shares of PPG Industries by 184.0% during the 2nd quarter. Rothschild Investment LLC now owns 284 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insider Transactions at PPG Industries

In related news, CFO Vincent J. Morales sold 29,672 shares of PPG Industries stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $125.00, for a total value of $3,709,000.00. Following the completion of the transaction, the chief financial officer owned 28,439 shares in the company, valued at approximately $3,554,875. The trade was a 51.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Chancey E. Hagerty sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $115.59, for a total transaction of $260,077.50. Following the sale, the vice president directly owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,122 shares of company stock worth $4,541,078 over the last quarter. Insiders own 0.33% of the company’s stock.

PPG Industries Stock Down 0.2%

Shares of NYSE PPG opened at $131.26 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $110.40 and its two-hundred day moving average is $106.35. PPG Industries, Inc. has a 52-week low of $90.24 and a 52-week high of $133.43. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.98 and a beta of 1.16.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.06). The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.77 billion. PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.

PPG Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 2.2%. PPG Industries’s dividend payout ratio is 40.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PPG shares. Citigroup raised their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Bank of America dropped their price target on shares of PPG Industries from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. UBS Group raised their price target on shares of PPG Industries from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Sanford C. Bernstein upped their price objective on PPG Industries from $123.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PPG Industries in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $124.79.

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.