NewEdge Advisors LLC Increases Stock Holdings in PPG Industries, Inc. $PPG

Key Points

• NewEdge Advisors increased its PPG Industries stake by 68.9% in the first quarter, bringing its holdings to 23,042 shares valued at approximately $2.46 million. Institutional investors collectively own 81.86% of PPG’s stock.
• Analyst sentiment remains mixed, with seven Buy ratings and ten Hold ratings producing a consensus “Hold” rating and an average price target of $126.00.
• PPG reported quarterly revenue of $4.50 billion, up 7.2% year over year, but narrowly missed earnings estimates. The company also raised its quarterly dividend to $0.74 per share, implying a 2.6% annual yield.

NewEdge Advisors LLC boosted its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 68.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,042 shares of the specialty chemicals company's stock after acquiring an additional 9,397 shares during the period. NewEdge Advisors LLC's holdings in PPG Industries were worth $2,463,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of PPG Industries by 4.6% in the 4th quarter. State Street Corp now owns 12,829,677 shares of the specialty chemicals company's stock worth $1,314,529,000 after purchasing an additional 565,523 shares during the period. Pzena Investment Management LLC raised its stake in 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 buying an additional 379,879 shares in the last quarter. Franklin Resources Inc. raised its stake in 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 buying an additional 2,295,118 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in 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 buying an additional 26,793 shares during the period. Finally, Geode Capital Management LLC boosted its position in 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 acquiring an additional 135,529 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on PPG. Citigroup reduced their target price on PPG Industries from $125.00 to $121.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Bank of America raised PPG Industries from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $127.00 to $134.00 in a research report on Friday, July 17th. Mizuho boosted their price objective on shares of PPG Industries from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of PPG Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised PPG Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, June 17th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, PPG Industries presently has an average rating of "Hold" and a consensus price target of $126.00.

PPG Industries Stock Up 0.1%

Shares of PPG opened at $114.68 on Friday. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. The business's 50 day simple moving average is $117.59 and its 200-day simple moving average is $114.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.15. PPG Industries, Inc. has a 1 year low of $93.39 and a 1 year high of $133.43.

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.02). PPG Industries had a return on equity of 21.07% and a net margin of 9.57%.The business had revenue of $4.50 billion during the quarter, compared to analysts' expectations of $4.37 billion. During the same period in the previous year, the business earned $2.22 earnings per share. The business's quarterly revenue was up 7.2% on a year-over-year basis. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. As a group, equities analysts expect that PPG Industries, Inc. will post 7.89 earnings per share for the current fiscal year.

PPG Industries Increases Dividend

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

Key Stories Impacting PPG Industries

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

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $8.67 from $8.54, while increasing estimates for Q1 2027, Q3 2027, Q4 2027 and Q1 2028. These upward revisions suggest analysts see potential for improved earnings over the medium term.
• Neutral Sentiment: Brokerages collectively assign PPG a consensus recommendation of “Hold”, indicating analysts see limited conviction for a major near-term move in either direction. PPG Industries Given Consensus Recommendation of Hold by Brokerages
• Neutral Sentiment: Zacks Research maintained a long-term earnings outlook of $9.34 per share for FY2028 after adjusting individual quarterly estimates. The revisions were mixed, with increases to some periods offset by reductions to others.
• Negative Sentiment: Zacks lowered its FY2026 EPS forecast to $7.88 from $7.93, slightly below the broader consensus estimate of $7.89. It also cut estimates for Q3 2026, Q4 2026, Q2 2027 and FY2028, including a reduction in the FY2028 forecast to $9.34 from $9.41.

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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