PPG Industries (NYSE:PPG) Shares Acquired Rep. Lloyd Doggett

Representative Lloyd Doggett (D-Texas) recently bought shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in PPG Industries stock on March 12th.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/18/2025.

PPG Industries Stock Performance

NYSE:PPG traded up $2.22 during midday trading on Friday, reaching $100.75. 1,906,436 shares of the company traded hands, compared to its average volume of 1,799,980. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16. The company has a fifty day moving average price of $110.83 and a 200 day moving average price of $119.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.13. PPG Industries, Inc. has a twelve month low of $90.24 and a twelve month high of $137.24.

PPG Industries (NYSE:PPG - Get Free Report) last released 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 return on equity of 23.78% and a net margin of 6.41%. On average, analysts expect that PPG Industries, Inc. will post 7.95 EPS for the current fiscal year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries's payout ratio is 57.51%.

Insider Activity

In related news, CEO Timothy M. Knavish sold 4,800 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $118.35, for a total transaction of $568,080.00. Following the completion of the transaction, the chief executive officer now directly owns 35,833 shares in the company, valued at $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PPG Industries

A number of institutional investors have recently modified their holdings of the stock. Independence Bank of Kentucky increased its stake in shares of PPG Industries by 244.1% during the 1st quarter. Independence Bank of Kentucky now owns 3,905 shares of the specialty chemicals company's stock worth $427,000 after purchasing an additional 2,770 shares during the last quarter. Curat Global LLC acquired a new position in PPG Industries during the first quarter worth $101,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in PPG Industries by 24.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,363 shares of the specialty chemicals company's stock valued at $1,352,000 after buying an additional 2,451 shares in the last quarter. CGN Advisors LLC lifted its position in shares of PPG Industries by 20.8% in the first quarter. CGN Advisors LLC now owns 12,940 shares of the specialty chemicals company's stock worth $1,415,000 after buying an additional 2,231 shares during the last quarter. Finally, Unigestion Holding SA bought a new stake in shares of PPG Industries during the 1st quarter worth about $1,786,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company lowered their target price on PPG Industries from $130.00 to $115.00 and set an "overweight" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lowered shares of PPG Industries from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $145.00 to $115.00 in a research report on Wednesday, February 12th. Barclays reiterated an "equal weight" rating on shares of PPG Industries in a report on Monday, February 3rd. Citigroup cut their target price on PPG Industries from $135.00 to $113.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Argus cut PPG Industries from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $134.15.

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

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.