PPG Industries, Inc. $PPG Holdings Trimmed by Tidal Investments LLC

Key Points

• Tidal Investments LLC cut its PPG Industries position by 92.3% in the second quarter, selling 770,556 shares and retaining 64,441 shares valued at approximately $7.8 million.
• Despite the major reduction, institutional investors own 81.86% of PPG, with several smaller investment firms initiating new positions during the quarter.
• PPG has a consensus “Hold” rating and an average analyst price target of $126.44. The company recently reported $2.23 in quarterly EPS on $4.50 billion in revenue and raised its quarterly dividend to $0.74 per share.

Tidal Investments LLC reduced its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 92.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,441 shares of the specialty chemicals company's stock after selling 770,556 shares during the period. Tidal Investments LLC's holdings in PPG Industries were worth $7,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of PPG Industries in the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in PPG Industries during the second quarter valued at approximately $28,000. Community Bank N.A. acquired a new stake in PPG Industries during the second quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in PPG Industries during the second quarter worth approximately $29,000. Finally, Silvant Capital Management LLC bought a new stake in PPG Industries during the second quarter worth approximately $30,000. 81.86% of the stock is currently owned by institutional investors.

Trending Headlines about PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

Analyst Ratings Changes

Several research firms have issued reports on PPG. UBS Group dropped their price target on PPG Industries from $130.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Weiss Ratings raised PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 17th. Bank of America upgraded PPG Industries from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $127.00 to $134.00 in a report on Friday, July 17th. Wall Street Zen lowered PPG Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, BMO Capital Markets reduced their target price on PPG Industries from $140.00 to $138.00 and set an "outperform" rating for the company in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, PPG Industries has a consensus rating of "Hold" and an average target price of $126.44.

PPG Industries Stock Performance

Shares of NYSE PPG opened at $105.55 on Friday. 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, Inc. has a one year low of $93.39 and a one year high of $133.43. The business's 50-day moving average price is $114.32 and its two-hundred day moving average price is $112.35. The company has a market capitalization of $23.46 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07.

PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $4.50 billion for the quarter, compared to analysts' expectations of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business earned $2.22 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Analysts anticipate that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 10th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. This is a boost from PPG Industries's previous quarterly dividend of $0.71. The ex-dividend date was Monday, August 10th. PPG Industries's dividend payout ratio is presently 42.41%.

PPG Industries Profile

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG's portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.

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