SEB Asset Management AB Invests $5.01 Million in PPG Industries, Inc. $PPG

SEB Asset Management AB purchased a new position in shares of PPG Industries, Inc. (NYSE:PPG) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 46,891 shares of the specialty chemicals company’s stock, valued at approximately $5,012,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPG. Dorato Capital Management purchased a new position in shares of PPG Industries in the 4th quarter valued at approximately $26,000. Resources Management Corp CT ADV increased its holdings in shares of PPG Industries by 900.0% in the fourth quarter. Resources Management Corp CT ADV now owns 250 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Quarry LP purchased a new stake in shares of PPG Industries during the third quarter worth approximately $26,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of PPG Industries during the fourth quarter worth $30,000. Finally, DV Equities LLC acquired a new stake in shares of PPG Industries during the fourth quarter worth $32,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 1.5%

Shares of PPG stock opened at $117.40 on Thursday. The business’s fifty day moving average price is $115.36 and its 200 day moving average price is $113.21. The firm has a market capitalization of $26.17 billion, a PE ratio of 16.75, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17. PPG Industries, Inc. has a 1-year low of $93.39 and a 1-year high of $133.43.

PPG Industries (NYSE:PPG) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.PPG Industries’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts forecast that PPG Industries, Inc. will post 7.94 EPS for the current fiscal year.

PPG Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 2.5%. 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 40.51%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of PPG Industries from $119.00 to $129.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group cut their price objective on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. Citigroup raised their target price on shares of PPG Industries from $114.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Jefferies Financial Group lowered their target price on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Finally, BNP Paribas Exane increased their price target on shares of PPG Industries from $115.00 to $116.00 in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, PPG Industries has an average rating of “Hold” and an average price target of $126.13.

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.