Rep. Julie Johnson Sells PPG Industries, Inc. (NYSE:PPG) Shares

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 27th. 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.
• 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.
• Sold $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 1/17/2025.

PPG Industries Stock Performance

Shares of PPG Industries stock opened at $118.05 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock’s fifty day moving average price is $119.33 and its 200-day moving average price is $123.58. The firm has a market cap of $27.39 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.97 and a beta of 1.23. PPG Industries, Inc. has a 12 month low of $110.20 and a 12 month high of $145.60.

PPG Industries (NYSE:PPG) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $1.61 EPS 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, equities research analysts expect that PPG Industries, Inc. will post 7.96 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, February 21st. PPG Industries’s dividend payout ratio is presently 57.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. CWM LLC increased its holdings in PPG Industries by 24.7% in the 3rd quarter. CWM LLC now owns 11,886 shares of the specialty chemicals company’s stock worth $1,574,000 after buying an additional 2,351 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of PPG Industries by 237.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,498 shares of the specialty chemicals company’s stock valued at $198,000 after acquiring an additional 1,054 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of PPG Industries in the third quarter worth $604,000. Exchange Traded Concepts LLC raised its holdings in shares of PPG Industries by 156.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,160 shares of the specialty chemicals company’s stock worth $154,000 after purchasing an additional 707 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in PPG Industries during the third quarter valued at $352,000. 81.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PPG shares. BMO Capital Markets reissued an “outperform” rating and issued a $155.00 price objective (down previously from $160.00) on shares of PPG Industries in a research note on Monday, October 21st. JPMorgan Chase & Co. lowered PPG Industries from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $145.00 to $115.00 in a research report on Wednesday. Royal Bank of Canada dropped their price objective on PPG Industries from $128.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on PPG Industries from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of PPG Industries from $153.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $138.15.

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.