9,500 Shares in PPG Industries, Inc. $PPG Acquired by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC bought a new position of 9,500 shares (~$973,000) in PPG Industries during Q4, and institutional investors now own about 81.86% of the stock with other large funds (Wellington, First Eagle, Dimensional) recently adjusting their stakes.
• Analysts maintain a consensus rating of "Hold" on PPG with an average target price of $121.79, following several recent mixed price‑target revisions from firms including RBC, Evercore and Goldman Sachs.
• PPG posted quarterly EPS of $1.83 (beating estimates) on $3.93B revenue, set FY2026 guidance of 7.70–8.10 EPS, and announced a quarterly dividend of $0.71 (annual $2.84, ~2.7% yield).

Wolverine Asset Management LLC bought a new position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,500 shares of the specialty chemicals company's stock, valued at approximately $973,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Nvest Wealth Strategies Inc. acquired a new position in shares of PPG Industries in the 4th quarter valued at $505,000. First Eagle Investment Management LLC boosted its position in shares of PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company's stock valued at $658,391,000 after purchasing an additional 703,549 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of PPG Industries by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company's stock valued at $317,421,000 after purchasing an additional 43,702 shares during the period. Wellington Management Group LLP boosted its position in shares of PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock valued at $1,593,443,000 after purchasing an additional 2,521,004 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in shares of PPG Industries in the 3rd quarter valued at $16,245,000. 81.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PPG has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on shares of PPG Industries from $114.00 to $119.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 16th. Evercore raised their price objective on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. The Goldman Sachs Group decreased their price objective on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Zacks Research raised shares of PPG Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. Finally, BNP Paribas Exane raised their price objective on shares of PPG Industries from $115.00 to $116.00 in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $121.79.

PPG Industries Trading Up 2.2%

Shares of NYSE PPG opened at $106.40 on Wednesday. PPG Industries, Inc. has a one year low of $93.39 and a one year high of $133.43. The firm has a market capitalization of $23.72 billion, a PE ratio of 15.18, a PEG ratio of 1.52 and a beta of 1.06. The company has a current ratio of 1.61, a quick ratio of 1.17 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $109.04 and a two-hundred day moving average price of $107.57.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.05. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The business's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, analysts predict that PPG Industries, Inc. will post 7.92 earnings per share for the current fiscal year.

PPG Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. PPG Industries's dividend payout ratio (DPR) is 40.51%.

Insiders Place Their Bets

In other news, CFO Vincent J. Morales sold 78,095 shares of PPG Industries stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total transaction of $10,230,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the sale, the vice president owned 15,641 shares of the company's stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.33% of the company's stock.

PPG Industries 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.

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