Representative Lloyd Doggett (D-Texas) recently bought shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on July 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in PPG Industries stock on June 12th.
Representative Lloyd Doggett also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 6/18/2025.
- Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 6/10/2025.
- Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 6/10/2025.
- Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 5/15/2025.
PPG Industries Trading Up 1.2%
NYSE:PPG traded up $1.38 on Wednesday, reaching $116.78. The company's stock had a trading volume of 1,523,402 shares, compared to its average volume of 1,853,078. PPG Industries, Inc. has a 12-month low of $90.24 and a 12-month high of $137.24. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. The stock has a 50 day moving average price of $113.33 and a 200 day moving average price of $112.02.
PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.10. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The business had revenue of $3.68 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the previous year, the firm posted $1.87 earnings per share. The company's revenue was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.
PPG Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, August 11th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, August 11th. This is a boost from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 dividend on an annualized basis and a yield of 2.43%. PPG Industries's dividend payout ratio is currently 58.24%.
Hedge Funds Weigh In On PPG Industries
A number of institutional investors have recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new stake in PPG Industries during the fourth quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in PPG Industries during the first quarter valued at about $26,000. CVA Family Office LLC grew its position in PPG Industries by 70.6% during the first quarter. CVA Family Office LLC now owns 273 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 113 shares during the period. Headlands Technologies LLC purchased a new stake in shares of PPG Industries in the first quarter worth about $30,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of PPG Industries in the fourth quarter worth about $36,000. 81.86% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
PPG has been the subject of several analyst reports. UBS Group boosted their target price on PPG Industries from $111.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Bank of America reaffirmed a "neutral" rating and set a $126.00 price objective (down from $143.00) on shares of PPG Industries in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on PPG Industries from $115.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Mizuho upped their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their price objective on PPG Industries from $112.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.45.
Check Out Our Latest Stock Report on PPG
About Representative Doggett
Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas' 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.
Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas' 37th Congressional District. He declared candidacy for the 2026 election.
Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett's career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.
About PPG Industries
(
Get Free Report)
PPG Industries, Inc manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through two segments, Performance Coatings and Industrial Coatings. The Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; wood stains; paints, thermoplastics, pavement marking products, and other advanced technologies for pavement marking for government, commercial infrastructure, painting, and maintenance contractors; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft.
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