17,561 Shares in PPG Industries, Inc. $PPG Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,561 shares of the specialty chemicals company's stock, valued at approximately $2,130,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of PPG Industries during the 2nd quarter worth $2,856,392,000. Pzena Investment Management LLC purchased a new stake in PPG Industries in the second quarter worth about $946,964,000. Bank of New York Mellon Corp bought a new position in shares of PPG Industries in the second quarter worth about $318,870,000. Franklin Resources Inc. raised its stake in shares of PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock worth $716,256,000 after buying an additional 2,295,118 shares during the period. Finally, Norges Bank purchased a new position in shares of PPG Industries during the 4th quarter valued at about $209,355,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Stock Performance

NYSE PPG opened at $113.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The business has a 50-day moving average price of $117.31 and a 200-day moving average price of $114.01. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the business posted $2.22 EPS. The firm'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. As a group, equities research analysts predict that PPG Industries, Inc. will post 7.89 EPS for the current fiscal year.

PPG Industries Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 17th. Mizuho lifted their price target on shares of PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. The Goldman Sachs Group dropped their price target on shares of PPG Industries from $134.00 to $130.00 in a research report on Friday, May 1st. BMO Capital Markets reduced 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, July 6th. Finally, Royal Bank Of Canada reduced their price objective on shares of PPG Industries from $129.00 to $122.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $126.00.

PPG Industries Company 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.

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