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 Down 1.3%
PPG Industries stock traded down $1.51 during mid-day trading on Friday, hitting $114.51. 5,187,043 shares of the stock were exchanged, compared to its average volume of 1,856,189. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24. The firm's fifty day simple moving average is $113.18 and its two-hundred day simple moving average is $111.99. The stock has a market capitalization of $25.99 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 2.40 and a beta of 1.16.
PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a net margin of 6.49% and a return on equity of 24.84%. PPG Industries's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 EPS. Analysts forecast that PPG Industries, Inc. will post 7.95 EPS for the current 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. This represents a $2.84 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, August 11th. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. PPG Industries's dividend payout ratio (DPR) is 60.81%.
Institutional Trading of PPG Industries
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in PPG Industries in the fourth quarter worth $470,535,000. Kovitz Investment Group Partners LLC raised its holdings in PPG Industries by 482.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,337,649 shares of the specialty chemicals company's stock worth $518,132,000 after purchasing an additional 3,592,655 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in PPG Industries by 815.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,031,164 shares of the specialty chemicals company's stock worth $362,074,000 after purchasing an additional 2,700,018 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in PPG Industries by 138.9% in the fourth quarter. First Eagle Investment Management LLC now owns 3,196,951 shares of the specialty chemicals company's stock worth $381,876,000 after purchasing an additional 1,858,895 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in PPG Industries by 17.7% in the fourth quarter. Wellington Management Group LLP now owns 10,567,051 shares of the specialty chemicals company's stock worth $1,262,234,000 after purchasing an additional 1,590,041 shares in the last quarter. Hedge funds and other institutional investors own 81.86% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on PPG shares. Royal Bank Of Canada boosted their target price on shares of PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of PPG Industries from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. dropped their target price on shares of PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on PPG Industries from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Bank of America restated a "neutral" rating and issued a $126.00 price objective (down from $143.00) on shares of PPG Industries in a research note on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PPG Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.42.
Read 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.
PPG Industries Company Profile
(
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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