PPG Industries, Inc. $PPG Shares Sold by Smithfield Trust Co

Smithfield Trust Co decreased its stake in PPG Industries, Inc. (NYSE:PPG) by 71.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,285 shares of the specialty chemicals company’s stock after selling 87,077 shares during the period. Smithfield Trust Co’s holdings in PPG Industries were worth $3,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dorato Capital Management acquired a new position in PPG Industries during the fourth quarter worth about $26,000. Quarry LP acquired a new position in PPG Industries during the third quarter worth about $26,000. Root Financial Partners LLC acquired a new position in PPG Industries during the third quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in PPG Industries during the fourth quarter worth about $51,000. Finally, Entrust Financial LLC acquired a new position in PPG Industries during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PPG shares. Evercore lifted their target price on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Sanford C. Bernstein lifted their target price 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. KeyCorp restated a “sector weight” rating on shares of PPG Industries in a research report on Thursday, January 29th. BNP Paribas Exane lifted their target price on shares of PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, UBS Group lifted their target price on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries currently has a consensus rating of “Hold” and a consensus target price of $121.79.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $107.90 on Tuesday. The company has a market cap of $24.05 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. PPG Industries, Inc. has a 12 month low of $93.39 and a 12 month high of $133.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. The company has a 50-day simple moving average of $106.59 and a 200-day simple moving average of $108.12.

PPG Industries (NYSE:PPG) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.71 per share. The ex-dividend date is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries’s payout ratio is 40.51%.

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.