PPG Industries, Inc. $PPG Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in shares of PPG Industries, Inc. (NYSE:PPG) by 30.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,870 shares of the specialty chemicals company’s stock after purchasing an additional 46,657 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of PPG Industries worth $21,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new position in PPG Industries in the fourth quarter valued at about $26,000. Quarry LP purchased a new position in shares of PPG Industries during the 3rd quarter valued at approximately $26,000. Resources Management Corp CT ADV grew its position in shares of PPG Industries by 900.0% during the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 225 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of PPG Industries in the fourth quarter worth $30,000. Finally, DV Equities LLC acquired a new stake in PPG Industries in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries Stock Performance

PPG stock opened at $121.23 on Wednesday. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The stock has a market capitalization of $27.02 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61. The stock’s fifty day moving average is $112.41 and its two-hundred day moving average is $111.52.

PPG Industries (NYSE:PPG) last released its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, research analysts predict that PPG Industries, Inc. will post 7.92 EPS for the current year.

PPG Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, May 11th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. PPG Industries’s payout ratio is 40.51%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PPG. The Goldman Sachs Group dropped their target price on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. UBS Group boosted their price objective on PPG Industries from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Jefferies Financial Group reduced their target price on PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. JPMorgan Chase & Co. lowered their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. Finally, BNP Paribas Exane raised their price objective on PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.73.

PPG Industries 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.