Commerce Bank Buys New Position in PPG Industries, Inc. $PPG

Key Points

• Commerce Bank purchased 19,308 shares of PPG Industries in the second quarter, valued at approximately $2.34 million. Institutional investors collectively own 81.86% of the company.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year, but earnings of $2.23 per share narrowly missed analyst expectations. The company guided to fiscal 2026 earnings of $7.70–$8.10 per share.
• PPG increased its quarterly dividend from $0.71 to $0.74 per share, implying an annualized yield of about 2.6%. Analysts maintain a consensus “Hold” rating with an average price target of $126, compared with the stock’s reported price of $113.28.

Commerce Bank purchased a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,308 shares of the specialty chemicals company's stock, valued at approximately $2,342,000.

Several other large investors have also added to or reduced their stakes in the stock. CNB Bank increased its position in PPG Industries by 1.8% during the 4th 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 during the period. IFP Advisors Inc lifted its position 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 during the period. Evolve Private Wealth LLC lifted its position in shares of PPG Industries by 3.2% in the 1st quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company's stock worth $313,000 after purchasing an additional 92 shares during the period. Insigneo Advisory Services LLC boosted its stake 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of PPG Industries by 1.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 8,533 shares of the specialty chemicals company's stock valued at $874,000 after buying an additional 92 shares during the period. Institutional investors own 81.86% of the company's stock.

PPG Industries Stock Down 0.3%

Shares of PPG Industries stock opened at $113.28 on Tuesday. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.65 and a beta of 1.07. The company has a 50-day moving average of $117.15 and a 200 day moving average of $113.95. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.02). The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, sell-side analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be given a $0.74 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from PPG Industries's previous quarterly dividend of $0.71. PPG Industries's payout ratio is presently 42.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group cut their price objective on PPG Industries from $130.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Bank of America upgraded PPG Industries from a "neutral" rating to a "buy" rating and upped their target price for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Weiss Ratings raised PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, June 17th. Finally, Citigroup dropped their price target on PPG Industries from $125.00 to $121.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $126.00.

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.

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