National Pension Service Sells 14,536 Shares of PPG Industries, Inc. $PPG

National Pension Service trimmed its position in PPG Industries, Inc. (NYSE:PPG) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,094 shares of the specialty chemicals company’s stock after selling 14,536 shares during the quarter. National Pension Service owned 0.21% of PPG Industries worth $55,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of PPG Industries by 12,647.0% during the 2nd quarter. California State Teachers Retirement System now owns 60,284,284 shares of the specialty chemicals company’s stock worth $7,311,881,000 after acquiring an additional 59,811,353 shares during the period. BlackRock Inc. bought a new stake in PPG Industries in the second quarter valued at about $2,856,392,000. Pzena Investment Management LLC acquired a new position in PPG Industries in the second quarter worth about $946,964,000. Bank of New York Mellon Corp bought a new position in PPG Industries during the second quarter worth about $318,870,000. Finally, Bank of America Corp DE bought a new position in PPG Industries during the second quarter worth about $278,965,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

PPG Industries News Summary

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

• Positive Sentiment: KeyCorp initiated coverage of PPG Industries with an Overweight rating and a $133 price target, implying approximately 26% upside from the referenced $105.55 share price. The bullish stance indicates confidence in PPG’s valuation and earnings outlook. KeyCorp initiates coverage of PPG Industries
• Positive Sentiment: KeyCorp projected EPS of $2.11 for the third quarter and $1.72 for the fourth quarter, followed by $8.45 for fiscal 2027 and $9.45 for fiscal 2028. The longer-term estimates exceed the current full-year consensus of $7.89, suggesting expectations for earnings growth. KeyCorp PPG earnings estimates
• Neutral Sentiment: PPG hosted an Innovation Day in Tianjin, China, showcasing customer-focused coatings solutions, digital capabilities and its “Inside the Can” and “Outside the Can” innovation strategies. The event reinforces PPG’s long-term product-development and customer-retention efforts, although no immediate financial impact or new guidance was announced. PPG hosts innovation day in Tianjin

PPG Industries Price Performance

Shares of PPG stock opened at $105.55 on Friday. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $114.32 and its 200-day moving average is $112.35. The firm has a market capitalization of $23.46 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.70 and a beta of 1.07.

PPG Industries (NYSE:PPG) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.02). The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.37 billion. PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Sell-side analysts forecast that PPG Industries, Inc. will post 7.89 EPS for the current fiscal year.

PPG Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 10th were given a $0.74 dividend. The ex-dividend date was Monday, August 10th. This is a positive change from PPG Industries’s previous quarterly dividend of $0.71. This represents a $2.96 dividend on an annualized basis and a yield of 2.8%. PPG Industries’s dividend payout ratio is 42.41%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets lowered their price objective on PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Mizuho boosted their price target on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen cut PPG Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup lowered their target price on shares of PPG Industries from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of PPG Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, PPG Industries has an average rating of “Hold” and a consensus price target of $126.44.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. The company supplies protective and decorative coatings used in automotive, aerospace, industrial, marine, packaging and consumer applications. Its products are designed to protect surfaces, improve appearance and provide specialized performance characteristics such as corrosion resistance and durability.

PPG’s portfolio includes automotive refinish coatings, original-equipment automotive coatings, aerospace coatings, industrial and protective coatings, packaging coatings, and architectural paints and coatings.