QRG Capital Management Inc. Buys 13,251 Shares of PPG Industries, Inc. $PPG

QRG Capital Management Inc. increased its stake in PPG Industries, Inc. (NYSE:PPG) by 254.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,452 shares of the specialty chemicals company’s stock after acquiring an additional 13,251 shares during the period. QRG Capital Management Inc.’s holdings in PPG Industries were worth $1,972,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CNB Bank raised its position in PPG Industries by 1.8% during the fourth quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock valued at $463,000 after purchasing an additional 80 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of PPG Industries by 2.7% in the 4th quarter. IFP Advisors Inc now owns 3,302 shares of the specialty chemicals company’s stock worth $338,000 after purchasing an additional 87 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of PPG Industries by 1.4% in the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock worth $703,000 after purchasing an additional 89 shares in the last quarter. Evolve Private Wealth LLC increased its position in shares of PPG Industries by 3.2% during the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 92 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its position in shares of PPG Industries by 4.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock valued at $229,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 0.9%

PPG Industries stock traded down $1.15 during trading hours on Tuesday, reaching $122.89. The company had a trading volume of 103,334 shares, compared to its average volume of 2,109,139. 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 moving average price of $113.12 and a 200 day moving average price of $111.96. The firm has a market cap of $27.39 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.83 and a beta of 1.05. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43.

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, beating analysts’ consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts forecast that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PPG shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $119.00 target price on shares of PPG Industries in a research note on Wednesday, June 10th. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. BMO Capital Markets cut their price objective on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PPG Industries from $120.00 to $130.00 in a report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $124.27.

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.