Clarion Wealth Managment Partners LLC Makes New Investment in PPG Industries, Inc. $PPG

Clarion Wealth Managment Partners LLC acquired a new stake in shares of PPG Industries, Inc. (NYSE:PPG) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 5,427 shares of the specialty chemicals company’s stock, valued at approximately $658,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PPG. BlackRock Inc. purchased a new position in PPG Industries during the second quarter valued at $2,856,392,000. Pzena Investment Management LLC purchased a new stake in PPG Industries in the 2nd quarter worth $946,964,000. Bank of New York Mellon Corp bought a new position in shares of PPG Industries during the 2nd quarter valued at about $318,870,000. Franklin Resources Inc. boosted its holdings in shares of PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company’s stock valued at $716,256,000 after purchasing an additional 2,295,118 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of PPG Industries during the fourth quarter valued at about $209,355,000. Institutional investors own 81.86% of the company’s stock.

Wall Street Analyst Weigh In

PPG has been the topic of a number of research analyst reports. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. JPMorgan Chase & Co. cut their price target on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. UBS Group reduced their price objective on PPG Industries from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Citigroup decreased their price objective on PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.00.

PPG Industries Trading Up 0.2%

Shares of PPG stock opened at $113.81 on Monday. The company has a market cap of $25.30 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The stock’s 50 day simple moving average is $117.31 and its two-hundred day simple moving average is $113.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15.

PPG Industries (NYSE:PPG) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the firm posted $2.22 EPS. PPG Industries’s revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Research analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 2.6%. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is presently 42.41%.

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.