PensionDanmark Pensionsforsikringsaktieselskab Boosts Position in PPG Industries, Inc. $PPG

Key Points

• PensionDanmark increased its PPG Industries stake by 38.8% in the second quarter, adding 13,101 shares to own 46,861 shares valued at approximately $5.7 million. Institutional investors collectively own 81.86% of the company.
• Analysts maintain a generally neutral outlook, with seven Buy ratings and ten Hold ratings. The consensus price target is $126, compared with PPG’s recent share price of $119.73.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year, though earnings per share of $2.23 slightly missed estimates. The company also raised its quarterly dividend from $0.71 to $0.74 per share, implying a 2.5% yield.

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in PPG Industries, Inc. (NYSE:PPG - Free Report) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,861 shares of the specialty chemicals company's stock after acquiring an additional 13,101 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in PPG Industries were worth $5,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CNB Bank raised its holdings in PPG Industries by 1.8% in the 4th quarter. CNB Bank now owns 4,514 shares of the specialty chemicals company's stock worth $463,000 after purchasing an additional 80 shares in the last quarter. 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. Whittier Trust Co. boosted its stake in shares of PPG Industries by 1.4% during the 4th quarter. Whittier Trust Co. now owns 6,658 shares of the specialty chemicals company's stock valued at $703,000 after purchasing an additional 89 shares in the last quarter. Evolve Private Wealth LLC increased its position in shares of PPG Industries by 3.2% during the first quarter. Evolve Private Wealth LLC now owns 2,929 shares of the specialty chemicals company's stock valued at $313,000 after buying an additional 92 shares during the period. Finally, Insigneo Advisory Services LLC increased its position in shares of PPG Industries by 4.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,234 shares of the specialty chemicals company's stock valued at $229,000 after buying an additional 92 shares during the period. Institutional investors own 81.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PPG. Citigroup lowered their price objective on shares of PPG Industries from $125.00 to $121.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Mizuho upped their target price on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. UBS Group decreased their target price on PPG Industries from $130.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group lowered their target price on PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Finally, 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. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $126.00.

PPG Industries Stock Up 2.2%

Shares of PPG Industries stock opened at $119.73 on Friday. 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 $26.62 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.74 and a beta of 1.07. The company has a 50-day moving average of $117.37 and a 200 day moving average of $113.91. 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 announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share 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 business had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. During the same quarter last year, the company 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. 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. 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%. The ex-dividend date is Monday, August 10th. This is an increase from PPG Industries's previous quarterly dividend of $0.71. PPG Industries's dividend payout ratio (DPR) is currently 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.

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