PPG Industries (NYSE:PPG) Shares Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in PPG Industries stock on January 13th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
• Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

PPG Industries Stock Up 1.3 %

Shares of PPG traded up $1.51 during midday trading on Tuesday, reaching $119.26. 1,550,166 shares of the stock were exchanged, compared to its average volume of 2,120,747. PPG Industries, Inc. has a 52 week low of $110.20 and a 52 week high of $145.60. The company's 50 day moving average is $118.84 and its two-hundred day moving average is $123.36. The company has a market capitalization of $27.67 billion, a P/E ratio of 25.21, a PEG ratio of 1.97 and a beta of 1.23. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing analysts' consensus estimates of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. On average, sell-side analysts anticipate that PPG Industries, Inc. will post 7.96 earnings per share for the current year.

PPG Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, February 21st. PPG Industries's payout ratio is 57.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group decreased their price target on PPG Industries from $153.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $155.00 target price (down from $160.00) on shares of PPG Industries in a report on Monday, October 21st. Citigroup lowered their price target on PPG Industries from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. StockNews.com downgraded PPG Industries from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Mizuho reduced their price objective on PPG Industries from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, PPG Industries has a consensus rating of "Moderate Buy" and a consensus price target of $138.15.

Insider Buying and Selling at PPG Industries

In other news, CEO Timothy M. Knavish sold 4,800 shares of PPG Industries stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $118.35, for a total transaction of $568,080.00. Following the sale, the chief executive officer now owns 35,833 shares of the company's stock, valued at approximately $4,240,835.55. The trade was a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by insiders.

Institutional Trading of PPG Industries

Several large investors have recently modified their holdings of the business. Focus Partners Advisor Solutions LLC grew its stake in shares of PPG Industries by 35.6% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,362 shares of the specialty chemicals company's stock valued at $402,000 after acquiring an additional 882 shares in the last quarter. CSS LLC IL acquired a new position in PPG Industries in the fourth quarter worth about $527,000. Ames National Corp acquired a new position in PPG Industries in the fourth quarter worth about $549,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PPG Industries by 12.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,114,461 shares of the specialty chemicals company's stock worth $252,572,000 after purchasing an additional 237,291 shares in the last quarter. Finally, Waverly Advisors LLC grew its stake in PPG Industries by 45.2% in the fourth quarter. Waverly Advisors LLC now owns 2,581 shares of the specialty chemicals company's stock worth $308,000 after purchasing an additional 803 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

PPG Industries Company Profile

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.