NewEdge Advisors LLC Buys 5,700 Shares of PPG Industries, Inc. $PPG

NewEdge Advisors LLC boosted its stake in PPG Industries, Inc. (NYSE:PPG) by 41.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 19,345 shares of the specialty chemicals company’s stock after buying an additional 5,700 shares during the quarter. NewEdge Advisors LLC’s holdings in PPG Industries were worth $2,068,000 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. CNB Bank raised its position in shares of PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company’s stock worth $463,000 after acquiring an additional 80 shares in the last quarter. IFP Advisors Inc lifted its stake 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 valued at $338,000 after purchasing an additional 87 shares during the period. Whittier Trust Co. boosted its position in shares of PPG Industries by 1.4% during the fourth quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company’s stock valued at $703,000 after purchasing an additional 89 shares in the last quarter. Evolve Private Wealth LLC boosted its position in shares of PPG Industries by 3.2% during the first 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 in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in PPG Industries by 4.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.

PPG Industries Trading Down 1.2%

NYSE:PPG opened at $110.64 on Friday. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.65 and a beta of 1.05. The company has a quick ratio of 1.17, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average price is $116.74 and its 200-day moving average price is $113.61. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.PPG Industries’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts forecast that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be paid a $0.74 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 40.69%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PPG shares. BNP Paribas Exane increased their price objective on PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Wall Street Zen cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada reduced their target price on shares of PPG Industries from $129.00 to $122.00 and set a “sector perform” rating on the stock in a research report on Thursday. Mizuho increased 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. Finally, The Goldman Sachs Group lowered their price target on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.00.

More PPG Industries News

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: PPG’s reaffirmed 2026 earnings guidance and planned share repurchases could support per-share earnings and suggest management remains confident in its outlook. One analysis estimates the stock may be about 11% undervalued. PPG Industries could be 11% undervalued
• Positive Sentiment: PPG continues to attract attention as a dividend stock, offering income support that may appeal to long-term investors while the share price remains below its prior-year high. Why PPG is a great dividend stock
• Neutral Sentiment: Citigroup cut its PPG price target to $121 from $125 while maintaining a neutral rating. UBS lowered its target to $125 from $130 and also kept a neutral rating, while RBC reduced its target to $122 from $129 with a sector-perform rating. The revised targets still imply upside from the current share level, but the cuts signal more cautious near-term expectations. Citigroup lowers PPG price target
• Negative Sentiment: Recent coverage highlights a critical test for PPG’s coatings demand and margins. Investors are watching whether the company can convert revenue growth into stronger profitability amid potentially difficult market conditions. PPG faces a crucial coatings test PPG faces a critical margin test

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.