Massachusetts Financial Services Co. MA Trims Stock Position in PPG Industries, Inc. $PPG

Key Points

• Massachusetts Financial Services Co. trimmed its stake in PPG by 8.1% in Q4, selling 156,737 shares and now owning 1,778,359 shares (~0.79% of the company) valued at about $182.2 million.
• PPG reported Q4 EPS of $1.51, missing estimates of $1.57 while revenue of $3.91 billion beat expectations, and the company set FY2026 guidance of $7.70–$8.10 EPS (analysts expect ~7.95).
• Insiders sold 118,811 shares worth $15.2 million last quarter, institutional ownership stands at 81.86%, and PPG pays a $0.71 quarterly dividend (annual $2.84, yield 2.6%) with a consensus analyst rating of "Hold" and target near $120.

Massachusetts Financial Services Co. MA cut its position in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,778,359 shares of the specialty chemicals company's stock after selling 156,737 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.79% of PPG Industries worth $182,211,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Applied Capital LLC FL raised its stake in PPG Industries by 1.5% during the fourth quarter. Applied Capital LLC FL now owns 6,406 shares of the specialty chemicals company's stock worth $656,000 after purchasing an additional 95 shares during the period. Lazard Asset Management LLC raised its stake in PPG Industries by 6.6% during the second quarter. Lazard Asset Management LLC now owns 1,576 shares of the specialty chemicals company's stock worth $179,000 after purchasing an additional 97 shares during the period. Waller Financial Planning Group Inc. raised its stake in PPG Industries by 0.8% during the fourth quarter. Waller Financial Planning Group Inc. now owns 12,764 shares of the specialty chemicals company's stock worth $1,308,000 after purchasing an additional 100 shares during the period. G&S Capital LLC raised its stake in PPG Industries by 1.9% during the third quarter. G&S Capital LLC now owns 5,620 shares of the specialty chemicals company's stock worth $591,000 after purchasing an additional 104 shares during the period. Finally, New Wave Wealth Advisors LLC raised its stake in PPG Industries by 5.1% during the fourth quarter. New Wave Wealth Advisors LLC now owns 2,182 shares of the specialty chemicals company's stock worth $224,000 after purchasing an additional 105 shares during the period. 81.86% of the stock is owned by hedge funds and other institutional investors.

PPG Industries Price Performance

PPG Industries stock opened at $110.39 on Monday. The company's 50 day simple moving average is $114.07 and its 200-day simple moving average is $106.74. The company has a market capitalization of $24.71 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.67 and a beta of 1.16. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.22 and a current ratio of 1.62.

PPG Industries (NYSE:PPG - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.06). The company had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.77 billion. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. PPG Industries's revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities research analysts expect that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were issued a $0.71 dividend. The ex-dividend date was Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. PPG Industries's payout ratio is 40.92%.

Analyst Upgrades and Downgrades

PPG has been the topic of a number of analyst reports. Bank of America reduced their target price on shares of PPG Industries from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. Jefferies Financial Group reduced their target price on shares of PPG Industries from $125.00 to $116.00 and set a "hold" rating on the stock in a research note on Thursday, March 26th. Mizuho reduced their target price on shares of PPG Industries from $140.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, March 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of PPG Industries in a research note on Wednesday, January 28th. Finally, Evercore boosted their price target on shares of PPG Industries from $112.00 to $128.00 in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $120.14.

Insider Activity at PPG Industries

In related news, VP Chancey E. Hagerty sold 2,250 shares of PPG Industries stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total value of $260,077.50. Following the completion of the transaction, the vice president owned 8,477 shares in the company, valued at approximately $979,856.43. The trade was a 20.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Anne M. Foulkes sold 3,594 shares of PPG Industries stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $124.61, for a total transaction of $447,848.34. Following the completion of the transaction, the vice president owned 15,641 shares of the company's stock, valued at $1,949,025.01. This trade represents a 18.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 118,811 shares of company stock worth $15,219,371. Corporate 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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