Insider Selling: PPG Industries (NYSE:PPG) CFO Sells 78,095 Shares of Stock

PPG Industries, Inc. (NYSE:PPG) CFO Vincent Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PPG Industries Stock Down 1.9%

Shares of NYSE:PPG traded down $2.43 during trading on Wednesday, hitting $126.75. 428,356 shares of the company’s stock traded hands, compared to its average volume of 2,232,499. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $111.61 and a 200-day moving average price of $106.67. PPG Industries, Inc. has a 52 week low of $90.24 and a 52 week high of $133.43. The company has a market cap of $28.44 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its 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). PPG Industries had a return on equity of 22.67% and a net margin of 9.93%.The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business posted $1.61 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, research analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries’s payout ratio is currently 40.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PPG. Walnut Level Capital LLC lifted its position in PPG Industries by 46.8% during the second quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company’s stock worth $7,138,000 after purchasing an additional 20,000 shares during the period. GAM Holding AG increased its holdings in PPG Industries by 97.5% in the 3rd quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company’s stock valued at $2,237,000 after buying an additional 10,508 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of PPG Industries in the 3rd quarter valued at approximately $16,245,000. Empower Advisory Group LLC lifted its holdings in shares of PPG Industries by 9.3% during the 2nd quarter. Empower Advisory Group LLC now owns 77,252 shares of the specialty chemicals company’s stock worth $8,787,000 after acquiring an additional 6,559 shares during the period. Finally, Strs Ohio boosted its position in shares of PPG Industries by 30.1% during the 3rd quarter. Strs Ohio now owns 125,434 shares of the specialty chemicals company’s stock worth $13,184,000 after acquiring an additional 29,031 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PPG. Royal Bank Of Canada boosted their price target on PPG Industries from $109.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PPG Industries in a research report on Wednesday, January 28th. Berenberg Bank lowered their price objective on shares of PPG Industries from $131.00 to $110.00 and set a “hold” rating on the stock in a report on Thursday, December 4th. Sanford C. Bernstein boosted their price objective on shares of PPG Industries from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Zacks Research raised shares of PPG Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, PPG Industries currently has a consensus rating of “Hold” and an average target price of $124.79.

About PPG Industries

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.