Rep. Lloyd Doggett Buys PPG Industries, Inc. (NYSE:PPG) Stock

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 Down 5.7 %

PPG Industries stock opened at $91.37 on Wednesday. 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, Inc. has a 1-year low of $89.84 and a 1-year high of $142.30. The company has a fifty day simple moving average of $111.94 and a 200 day simple moving average of $119.76. The company has a market cap of $20.74 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 2.19 and a beta of 1.16.

PPG Industries (NYSE:PPG) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.04). PPG Industries had a net margin of 6.41% and a return on equity of 23.78%. Research analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 21st were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, February 21st. PPG Industries’s dividend payout ratio is presently 57.51%.

Institutional Investors Weigh In On PPG Industries

A number of hedge funds and other institutional investors have recently modified their holdings of PPG. Czech National Bank increased its position in PPG Industries by 5.9% during the first quarter. Czech National Bank now owns 53,286 shares of the specialty chemicals company’s stock worth $5,827,000 after acquiring an additional 2,983 shares during the period. Rhumbline Advisers increased its holdings in shares of PPG Industries by 5.7% during the first quarter. Rhumbline Advisers now owns 426,027 shares of the specialty chemicals company’s stock worth $46,586,000 after purchasing an additional 22,999 shares during the period. GAMMA Investing LLC raised its position in shares of PPG Industries by 11,737.2% in the first quarter. GAMMA Investing LLC now owns 724,553 shares of the specialty chemicals company’s stock valued at $79,230,000 after buying an additional 718,432 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of PPG Industries by 124.2% in the first quarter. Versant Capital Management Inc now owns 2,462 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 1,364 shares during the period. Finally, First Hawaiian Bank grew its position in PPG Industries by 12.0% during the first quarter. First Hawaiian Bank now owns 11,826 shares of the specialty chemicals company’s stock worth $1,293,000 after buying an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy M. Knavish sold 4,800 shares of the stock in a transaction 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 directly owns 35,833 shares of the company’s stock, valued at approximately $4,240,835.55. This represents a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on PPG Industries from $153.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of PPG Industries from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Mizuho lowered their price objective on shares of PPG Industries from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Argus cut shares of PPG Industries from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Seaport Res Ptn cut PPG Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $135.31.

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.