Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in PPG Industries stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
PPG Industries Stock Up 0.9%
NYSE PPG traded up $1.04 during trading on Friday, hitting $116.06. 1,280,154 shares of the company traded hands, compared to its average volume of 1,578,672. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $113.41 and a 200 day simple moving average of $112.02. The company has a market capitalization of $26.35 billion, a P/E ratio of 24.85, a PEG ratio of 2.41 and a beta of 1.16. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $137.24.
PPG Industries (NYSE:PPG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.10. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.67 billion. PPG Industries had a return on equity of 24.84% and a net margin of 6.49%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. As a group, sell-side analysts predict that PPG Industries, Inc. will post 7.95 EPS for the current year.
PPG Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.71 per share. This is a positive change from PPG Industries's previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Monday, August 11th. PPG Industries's dividend payout ratio (DPR) is 60.81%.
Analyst Ratings Changes
PPG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on PPG Industries from $115.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. UBS Group boosted their price target on PPG Industries from $111.00 to $125.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on PPG Industries from $112.00 to $113.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target 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, Citigroup boosted their price target on PPG Industries from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.45.
Read Our Latest Analysis on PPG
Institutional Trading of PPG Industries
Large investors have recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. acquired a new position in PPG Industries in the 2nd quarter worth $213,000. Sequoia Financial Advisors LLC boosted its stake in PPG Industries by 65.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,949 shares of the specialty chemicals company's stock worth $1,018,000 after purchasing an additional 3,551 shares during the period. Vest Financial LLC boosted its stake in PPG Industries by 17.4% in the 2nd quarter. Vest Financial LLC now owns 526,269 shares of the specialty chemicals company's stock worth $59,863,000 after purchasing an additional 78,022 shares during the period. Pzena Investment Management LLC boosted its stake in PPG Industries by 5.3% in the 2nd quarter. Pzena Investment Management LLC now owns 1,014,004 shares of the specialty chemicals company's stock worth $115,343,000 after purchasing an additional 50,592 shares during the period. Finally, Bill Few Associates Inc. boosted its stake in PPG Industries by 2.3% in the 2nd quarter. Bill Few Associates Inc. now owns 8,848 shares of the specialty chemicals company's stock worth $1,006,000 after purchasing an additional 198 shares during the period. Institutional investors own 81.86% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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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