New York State Teachers Retirement System Has $16.89 Million Stock Holdings in PPG Industries, Inc. $PPG

Key Points

• New York State Teachers Retirement System trimmed its PPG stake by 9.8% to 164,877 shares (about $16.89 million), while institutional investors now own roughly 81.86% of the company.
• PPG beat Q1 estimates (EPS $1.83 vs. $1.78; revenue $3.93B vs. $3.85B) and reaffirmed FY‑2026 guidance of $7.70–$8.10 EPS, with management citing pricing power and sales growth.
• Analyst reactions are mixed—Mizuho raised its target to $125 but consensus is a "Hold" (avg target $121.79)—and insider activity is notable, with ~111,361 shares sold (~$14.4M) recently; PPG also declared a quarterly dividend of $0.71 (2.6% yield).

New York State Teachers Retirement System lowered its holdings in shares of PPG Industries, Inc. (NYSE:PPG - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,877 shares of the specialty chemicals company's stock after selling 17,988 shares during the period. New York State Teachers Retirement System owned about 0.07% of PPG Industries worth $16,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PPG. Kohmann Bosshard Financial Services LLC acquired a new position in PPG Industries during the fourth quarter worth about $51,000. AMG National Trust Bank acquired a new stake in shares of PPG Industries in the 4th quarter valued at approximately $3,671,000. Vest Financial LLC grew its holdings in shares of PPG Industries by 1.3% during the 4th quarter. Vest Financial LLC now owns 482,840 shares of the specialty chemicals company's stock valued at $49,472,000 after purchasing an additional 6,123 shares during the last quarter. M&T Bank Corp grew its holdings in shares of PPG Industries by 19.1% during the 4th quarter. M&T Bank Corp now owns 48,402 shares of the specialty chemicals company's stock valued at $4,960,000 after purchasing an additional 7,763 shares during the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in PPG Industries by 6.0% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,647 shares of the specialty chemicals company's stock worth $476,000 after purchasing an additional 265 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors.

PPG Industries News Roundup

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

• Positive Sentiment: PPG beat Q1 estimates and reaffirmed FY‑2026 guidance ($7.70–$8.10 EPS); management highlighted pricing power and sales growth, which supports longer‑term earnings expectations. Earnings Highlights
• Positive Sentiment: Mizuho raised its price target to $125 and kept an “outperform” rating — a material upward revision that signals analyst confidence in PPG’s recovery and supports upside sentiment. Mizuho PT Raise
• Neutral Sentiment: BNP Paribas nudged its target to $116 — a modest upgrade that marginally raises consensus valuation but is not a major change to the market narrative. BNP PT Raise
• Neutral Sentiment: UBS increased its price target to $116 while maintaining a “neutral” rating — another small lift but still a neutral stance from a large shop. UBS PT Raise
• Neutral Sentiment: Citigroup slightly raised its target to $114 and kept a neutral rating — consistent with a cautious tone despite the beat. Citigroup PT Raise
• Neutral Sentiment: PPG’s IT team received recognition as “Tech Team of the Year,” which is positive for operational capability but unlikely to move near‑term valuation materially. IT Team Award
• Negative Sentiment: Autobody reporting highlighted a decline in the refinish segment driven by distributor destocking — an operational headwind that trimmed segment revenue and likely pressured near‑term margin visibility. Refinish Decline
• Negative Sentiment: JPMorgan trimmed its target slightly to $125 (from $126) — a small negative signal relative to some larger upward revisions and a reminder of differing analyst views on upside. JPMorgan PT Trim

PPG Industries Trading Up 0.0%

Shares of NYSE PPG opened at $107.52 on Monday. The firm has a 50 day moving average price of $109.44 and a two-hundred day moving average price of $107.52. The stock has a market cap of $23.97 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. PPG Industries, Inc. has a 52-week low of $93.39 and a 52-week high of $133.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.17 and a current ratio of 1.61.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.85 billion. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. PPG Industries's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts forecast that PPG Industries, Inc. will post 7.9 EPS for the current year.

PPG Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, May 11th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, May 11th. PPG Industries's payout ratio is 40.51%.

Insider Activity

In related news, VP Anne M. Foulkes sold 3,594 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $124.61, for a total value of $447,848.34. Following the sale, the vice president directly owned 15,641 shares in the company, valued at $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $131.00, for a total transaction of $10,230,445.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 111,361 shares of company stock valued at $14,387,293. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of PPG Industries from $135.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, April 10th. Sanford C. Bernstein upped their price target on shares of PPG Industries from $123.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. UBS Group increased their price target on PPG Industries from $110.00 to $116.00 and gave the company a "neutral" rating in a research note on Thursday. KeyCorp restated a "sector weight" rating on shares of PPG Industries in a research report on Thursday, January 29th. Finally, BNP Paribas Exane upped their target price on PPG Industries from $115.00 to $116.00 in a report on Thursday. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $121.79.

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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