Deutsche Bank AG Makes New Investment in PPG Industries, Inc. $PPG

Deutsche Bank AG bought a new stake in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,117,111 shares of the specialty chemicals company's stock, valued at approximately $135,494,000. Deutsche Bank AG owned approximately 0.50% of PPG Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPG. Perigon Wealth Management LLC bought a new position in shares of PPG Industries in the 2nd quarter worth about $396,000. Trust Co. of Vermont bought a new stake in PPG Industries during the second quarter worth about $501,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in PPG Industries in the second quarter worth about $70,001,000. OneDigital Investment Advisors LLC bought a new position in shares of PPG Industries during the second quarter valued at approximately $323,000. Finally, Plato Investment Management Ltd bought a new position in shares of PPG Industries during the second quarter valued at approximately $2,329,000. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Trading Up 1.0%

NYSE:PPG opened at $113.99 on Thursday. The company's 50 day moving average price is $117.54 and its 200-day moving average price is $114.03. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market cap of $25.34 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.64 and a beta of 1.07.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. PPG Industries's revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $2.22 EPS. 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 7.89 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 2.6%. The ex-dividend date is Monday, August 10th. PPG Industries's dividend payout ratio (DPR) is presently 42.41%.

Analysts Set New Price Targets

PPG has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on PPG Industries from $140.00 to $138.00 and set an "outperform" rating on the stock in a research report on Monday, July 6th. JPMorgan Chase & Co. reduced their price objective on PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. The Goldman Sachs Group lowered their price objective on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. BNP Paribas Exane increased their target price on PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Finally, Bank of America upgraded PPG Industries from a "neutral" rating to a "buy" rating and raised their price target for the company from $127.00 to $134.00 in a report on Friday, July 17th. Seven research 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 company presently has a consensus rating of "Hold" and a consensus target price 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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