Nomura Asset Management Co. Ltd. Purchases 19,766 Shares of PPG Industries, Inc. $PPG

by · The Markets Daily

Nomura Asset Management Co. Ltd. lifted its position in PPG Industries, Inc. (NYSE:PPG – Free Report) by 4.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 431,973 shares of the specialty chemicals company’s stock after acquiring an additional 19,766 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PPG Industries were worth $44,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dorato Capital Management bought a new position in PPG Industries during the fourth quarter worth $26,000. Quarry LP bought a new position in PPG Industries during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in PPG Industries during the fourth quarter worth $51,000. Entrust Financial LLC bought a new position in PPG Industries during the fourth quarter worth $55,000. Finally, Cornerstone Planning Group LLC boosted its position in PPG Industries by 2,500.0% during the third quarter. Cornerstone Planning Group LLC now owns 572 shares of the specialty chemicals company’s stock worth $60,000 after purchasing an additional 550 shares during the period. 81.86% of the stock is owned by institutional investors.

PPG Industries Price Performance

Shares of PPG opened at $113.05 on Monday. The business has a 50-day moving average of $107.36 and a 200-day moving average of $108.58. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.61 and a quick ratio of 1.17.

PPG Industries (NYSE:PPG – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts anticipate that PPG Industries, Inc. will post 7.93 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, May 11th. PPG Industries’s dividend payout ratio (DPR) is currently 40.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of PPG Industries from $126.00 to $125.00 in a research report on Thursday, April 30th. UBS Group lifted their price objective on shares of PPG Industries from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Jefferies Financial Group reduced their price objective on shares of PPG Industries from $125.00 to $116.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Evercore lifted their price objective on shares of PPG Industries from $112.00 to $128.00 in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of PPG Industries from $114.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.79.

Check Out Our Latest Stock Analysis on PPG

PPG Industries Profile

(Free Report)

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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