Swiss National Bank Cuts Position in PPG Industries, Inc. $PPG

Key Points

• Swiss National Bank trimmed its stake in PPG by 4.8% in Q3, selling 32,800 shares and holding 654,300 shares (about 0.29% of the company) valued at ~$68.8 million.
• PPG reported Q results with EPS of $1.51 (missing the $1.57 consensus) but revenue of $3.91 billion (beating $3.77 billion) and set FY2026 guidance of $7.70–$8.10 per share (analysts’ consensus ~7.95).
• The company declared a quarterly dividend of $0.71 ($2.84 annualized, ~2.7% yield) while insiders sold roughly 118,811 shares (~$15.2 million) over the past 90 days and institutional investors own about 81.9% of the stock.

Swiss National Bank decreased its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 654,300 shares of the specialty chemicals company's stock after selling 32,800 shares during the period. Swiss National Bank owned approximately 0.29% of PPG Industries worth $68,773,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PPG. Brighton Jones LLC boosted its stake in shares of PPG Industries by 9.1% during the 4th quarter. Brighton Jones LLC now owns 4,075 shares of the specialty chemicals company's stock worth $487,000 after acquiring an additional 339 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of PPG Industries by 31.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,849 shares of the specialty chemicals company's stock worth $421,000 after acquiring an additional 920 shares during the period. Empowered Funds LLC increased its stake in PPG Industries by 6.1% in the 1st quarter. Empowered Funds LLC now owns 26,354 shares of the specialty chemicals company's stock valued at $2,882,000 after purchasing an additional 1,526 shares in the last quarter. Woodline Partners LP raised its holdings in PPG Industries by 40.7% during the first quarter. Woodline Partners LP now owns 19,600 shares of the specialty chemicals company's stock worth $2,143,000 after purchasing an additional 5,667 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in PPG Industries by 14.0% during the second quarter. Savant Capital LLC now owns 12,595 shares of the specialty chemicals company's stock worth $1,433,000 after purchasing an additional 1,549 shares during the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

PPG Industries Stock Performance

NYSE PPG opened at $104.04 on Thursday. PPG Industries, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $133.43. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.15. The business has a fifty day moving average of $116.41 and a 200-day moving average of $107.66. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.06). The company had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 20th. PPG Industries's dividend payout ratio (DPR) is currently 40.92%.

Wall Street Analysts Forecast Growth

PPG has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on PPG Industries from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Thursday, January 29th. Zacks Research upgraded shares of PPG Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, January 23rd. Evercore increased their price objective on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. Berenberg Bank cut their target price on shares of PPG Industries from $131.00 to $110.00 and set a "hold" rating for the company in a research report on Thursday, December 4th. Finally, Bank of America reduced their price target on shares of PPG Industries from $118.00 to $116.00 and set a "neutral" rating on the stock in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, PPG Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.93.

Insiders Place Their Bets

In related news, VP Chancey E. Hagerty sold 2,250 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the transaction, the vice president owned 8,477 shares of the company's stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the company's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the transaction, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 118,811 shares of company stock valued at $15,219,371 in the last ninety days. Insiders own 0.33% of the company's stock.

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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