Glenmede Trust Co. NA Sells 34,522 Shares of PPG Industries, Inc. $PPG

Glenmede Trust Co. NA lowered its position in PPG Industries, Inc. (NYSE:PPG) by 11.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,773 shares of the specialty chemicals company’s stock after selling 34,522 shares during the period. Glenmede Trust Co. NA’s holdings in PPG Industries were worth $27,230,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PPG. Essential Partners LLC boosted its holdings in PPG Industries by 59.3% during the first quarter. Essential Partners LLC now owns 301 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 112 shares during the last quarter. NewEdge Advisors LLC increased its stake in PPG Industries by 41.8% in the 1st quarter. NewEdge Advisors LLC now owns 19,345 shares of the specialty chemicals company’s stock valued at $2,068,000 after buying an additional 5,700 shares during the last quarter. Bank of America Corp DE lifted its position in shares of PPG Industries by 21.9% during the 1st quarter. Bank of America Corp DE now owns 2,035,467 shares of the specialty chemicals company’s stock worth $217,551,000 after buying an additional 365,049 shares in the last quarter. RBF Capital LLC bought a new position in shares of PPG Industries during the 1st quarter worth approximately $2,351,000. Finally, Bull Harbor Capital LLC purchased a new position in shares of PPG Industries in the 1st quarter worth approximately $246,000. 81.86% of the stock is owned by institutional investors.

PPG Industries Stock Down 1.2%

PPG Industries stock opened at $110.64 on Friday. The firm has a 50 day moving average price of $116.74 and a 200-day moving average price of $113.61. The company has a quick ratio of 1.17, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a twelve month low of $93.39 and a twelve month high of $133.43. The company has a market capitalization of $24.60 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.63 and a beta of 1.05.

PPG Industries (NYSE:PPG) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period last year, the firm posted $2.22 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts predict that PPG Industries, Inc. will post 7.9 EPS for the current year.

PPG Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 10th will be given a $0.74 dividend. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries’s dividend payout ratio (DPR) is 40.69%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on PPG Industries from $126.00 to $125.00 in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Wells Fargo & Company cut their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 10th. Bank of America upgraded PPG Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $127.00 to $134.00 in a research note on Friday, July 17th. Finally, Mizuho raised their target price on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, PPG Industries has an average rating of “Hold” and a consensus target price of $126.00.

Key Headlines Impacting PPG Industries

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: PPG’s reaffirmed 2026 earnings guidance and planned share repurchases could support per-share earnings and suggest management remains confident in its outlook. One analysis estimates the stock may be about 11% undervalued. PPG Industries could be 11% undervalued
• Positive Sentiment: PPG continues to attract attention as a dividend stock, offering income support that may appeal to long-term investors while the share price remains below its prior-year high. Why PPG is a great dividend stock
• Neutral Sentiment: Citigroup cut its PPG price target to $121 from $125 while maintaining a neutral rating. UBS lowered its target to $125 from $130 and also kept a neutral rating, while RBC reduced its target to $122 from $129 with a sector-perform rating. The revised targets still imply upside from the current share level, but the cuts signal more cautious near-term expectations. Citigroup lowers PPG price target
• Negative Sentiment: Recent coverage highlights a critical test for PPG’s coatings demand and margins. Investors are watching whether the company can convert revenue growth into stronger profitability amid potentially difficult market conditions. PPG faces a crucial coatings test PPG faces a critical margin test

PPG Industries Company Profile

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.