M&T Bank Corp Sells 27,778 Shares of PPG Industries, Inc. $PPG

Key Points

• M&T Bank Corp cut its stake in PPG by 68.4%, selling 27,778 shares and reducing its holding to 12,861 shares valued at about $1.32 million, while institutional investors own roughly 81.9% of the stock.
• PPG reported a stronger-than-expected Q1 with EPS $1.83 (vs. $1.71 est.) and revenue of $3.93B (up ~6.7% YoY), but reaffirmed FY2026 guidance of 7.70–8.10 EPS, a midpoint slightly below Street consensus.
• Insiders sold a total of 111,361 shares in the past three months (including a 78,095-share sale by the CFO), and the company declared a quarterly dividend of $0.71 ($2.84 annualized, ~2.7% yield).

M&T Bank Corp lessened its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 68.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,861 shares of the specialty chemicals company's stock after selling 27,778 shares during the period. M&T Bank Corp's holdings in PPG Industries were worth $1,318,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. bought a new stake in shares of PPG Industries during the 3rd quarter valued at $26,000. Quarry LP acquired a new stake in shares of PPG Industries during the third quarter worth $26,000. Dorato Capital Management acquired a new stake in shares of PPG Industries during the fourth quarter worth $26,000. Root Financial Partners LLC bought a new stake in PPG Industries in the third quarter valued at about $30,000. Finally, Quent Capital LLC acquired a new position in PPG Industries in the third quarter valued at about $57,000. Institutional investors own 81.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp restated a "sector weight" rating on shares of PPG Industries in a research report on Thursday, January 29th. The Goldman Sachs Group increased their price target on shares of PPG Industries from $132.00 to $134.00 and gave the company a "buy" rating in a research report on Wednesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of PPG Industries from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Friday, April 10th. BNP Paribas Exane boosted their price objective on shares of PPG Industries from $112.00 to $115.00 and gave the company a "neutral" rating in a report on Monday, April 20th. Finally, Bank of America lowered their target price on shares of PPG Industries from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $120.86.

PPG Industries Price Performance

Shares of PPG stock opened at $104.72 on Thursday. PPG Industries, Inc. has a 12-month low of $93.39 and a 12-month high of $133.43. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average of $109.75 and a 200-day moving average of $107.41.

PPG Industries (NYSE:PPG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.12. PPG Industries had a net margin of 9.93% and a return on equity of 22.30%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The firm's revenue was up 6.7% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts forecast that PPG Industries, Inc. will post 8 earnings per share for the current year.

PPG Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, May 11th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. PPG Industries's payout ratio is 40.51%.

Insider Buying and Selling at PPG Industries

In other news, CFO Vincent J. Morales sold 78,095 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the business's stock in a transaction 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,361 shares of company stock valued at $14,387,293 in the last three months. 0.33% of the stock is owned by company insiders.

PPG Industries News Roundup

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

• Positive Sentiment: Q1 results showed underlying strength: adjusted EPS of $1.83 and consolidated revenue of $3.93B (up ~7% YoY), beating revenue expectations and reflecting pricing power and currency tailwinds. PPG reports first quarter 2026 financial results
• Positive Sentiment: Earnings-call commentary reinforced pricing power and margin resilience in a tougher input-cost environment — management pointed to continued ability to pass through price where needed. PPG Industries Earnings Call Highlights Pricing Power
• Neutral Sentiment: Corporate leadership update — Jamie A. Beggs will become SVP & CFO effective July 6, succeeding a long-tenured CFO; transition appears orderly but will be watched by investors. PPG appoints Jamie Beggs as senior vice president and chief financial officer
• Negative Sentiment: FY-2026 EPS guidance was reaffirmed at a range of 7.70–8.10, with the midpoint slightly below Street consensus (~7.97). That gap — combined with commentary about rising costs — likely tempered investor enthusiasm despite the quarter's top-line beat. PPG Q1 Earnings Meet Estimates, Revenues Beat on Currency Gains
• Negative Sentiment: Market reaction: investors appear to be trimming shares — the beat did not fully offset concerns about margin pressure from higher input or operating costs and a guidance range that underwhelms relative to consensus, which helps explain the stock moving lower today.

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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