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

Key Points

• Rep. Lloyd Doggett purchased between $1,001 and $15,000 of PPG Industries shares on September 11, according to a filing disclosed October 5. He also reported recent purchases of Home Depot, IBM, Johnson & Johnson, and Procter & Gamble.
• PPG shares opened at $106.59, with a market capitalization of approximately $23.69 billion. The company’s latest quarterly revenue rose 7.2% year over year to $4.50 billion, though earnings of $2.23 per share slightly missed analyst estimates.
• PPG increased its quarterly dividend to $0.74 per share, representing a 2.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $126.06, while institutional investors own 81.86% of the stock.

Representative Lloyd Doggett (Democratic-Texas) recently bought shares of PPG Industries, Inc. NYSE: PPG. In a filing disclosed on October 5th, the Representative disclosed that they had bought between $1,001 and $15,000 in PPG Industries stock on September 11th.

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

• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/17/2026.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 9/10/2026.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 9/8/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/17/2026.

PPG Industries Price Performance

Shares of NYSE:PPG opened at $106.59 on Wednesday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.71 and a beta of 1.06. The firm has a 50 day simple moving average of $110.53 and a 200 day simple moving average of $111.55.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share 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 for the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the firm posted $2.22 EPS. The business's quarterly revenue 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. Research analysts predict that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho boosted their price objective on PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. KeyCorp assumed coverage on PPG Industries in a research report on Friday, September 11th. They issued an "overweight" rating and a $133.00 target price for the company. BMO Capital Markets cut their price target 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PPG Industries in a research note on Monday, September 14th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $136.00 target price on shares of PPG Industries in a report on Thursday, September 24th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $126.06.

Hedge Funds Weigh In On PPG Industries

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in PPG Industries during the 2nd quarter worth about $2,856,392,000. State Street Corp lifted its stake in shares of PPG Industries by 8.8% in the 2nd quarter. State Street Corp now owns 13,871,116 shares of the specialty chemicals company's stock valued at $1,682,428,000 after purchasing an additional 1,124,109 shares during the period. Pzena Investment Management LLC bought a new stake in shares of PPG Industries during the 2nd quarter valued at about $946,964,000. Franklin Resources Inc. boosted its position in shares of PPG Industries by 48.9% during the 4th quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock valued at $716,256,000 after purchasing an additional 2,295,118 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in PPG Industries by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,925,343 shares of the specialty chemicals company's stock worth $312,613,000 after purchasing an additional 58,411 shares during the period. Institutional investors own 81.86% of the company's stock.

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.

About PPG Industries

PPG Industries, Inc is a global manufacturer of paints, coatings and specialty materials. Founded in 1883 as Pittsburgh Plate Glass, the company originally produced plate glass and later expanded into coatings and related technologies. Today, PPG's products are used to protect, decorate and improve the performance of vehicles, aircraft, buildings, industrial equipment and consumer goods.

PPG serves the automotive, aerospace, construction, industrial, marine, packaging and consumer-product markets.

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