AMG National Trust Bank Buys Shares of 21,365 PPG Industries, Inc. $PPG

Key Points

• AMG National Trust Bank initiated a position in PPG Industries by purchasing 21,365 shares valued at approximately $2.59 million. Institutional investors collectively own 81.86% of PPG’s outstanding stock.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year and above estimates, though adjusted EPS of $2.23 narrowly missed consensus by $0.02. The company reaffirmed fiscal 2026 EPS guidance of $7.70–$8.10.
• PPG raised its quarterly dividend to $0.74 per share, equivalent to an annualized $2.96 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $126, compared with the stock’s recent price near $113.98.

AMG National Trust Bank bought a new position in PPG Industries, Inc. (NYSE:PPG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,365 shares of the specialty chemicals company's stock, valued at approximately $2,591,000.

A number of other large investors have also made changes to their positions in the company. State Street Corp grew its holdings in PPG Industries by 4.6% during the fourth quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company's stock valued at $1,314,529,000 after purchasing an additional 565,523 shares during the period. Pzena Investment Management LLC boosted its position in shares of PPG Industries by 5.4% in the first quarter. Pzena Investment Management LLC now owns 7,478,646 shares of the specialty chemicals company's stock worth $799,318,000 after purchasing an additional 379,879 shares during the period. Franklin Resources Inc. boosted its position in shares of PPG Industries by 48.9% in the fourth quarter. Franklin Resources Inc. now owns 6,990,595 shares of the specialty chemicals company's stock worth $716,256,000 after purchasing an additional 2,295,118 shares during the period. First Eagle Investment Management LLC increased its stake in shares of PPG Industries by 0.4% in the fourth quarter. First Eagle Investment Management LLC now owns 6,290,622 shares of the specialty chemicals company's stock worth $644,537,000 after purchasing an additional 26,793 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of PPG Industries by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,809,127 shares of the specialty chemicals company's stock valued at $592,859,000 after purchasing an additional 135,529 shares during the period. 81.86% of the stock is currently owned by institutional investors.

PPG Industries Stock Down 0.1%

PPG opened at $113.98 on Monday. The company has a market capitalization of $25.34 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. The firm has a 50-day simple moving average of $117.59 and a two-hundred day simple moving average of $114.04. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The firm 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 earnings per share. 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. Analysts forecast that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 10th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from PPG Industries's previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, August 10th. PPG Industries's payout ratio is 42.41%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of PPG Industries from $134.00 to $130.00 in a research note on Friday, May 1st. Wall Street Zen lowered PPG Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Mizuho raised their price target on PPG Industries from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. BNP Paribas Exane boosted their price objective on PPG Industries from $115.00 to $116.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings raised PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 17th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, PPG Industries has an average rating of "Hold" and an average target price of $126.00.

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.

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