Oppenheimer Asset Management Inc. Reduces Stock Position in PPG Industries, Inc. $PPG

Key Points

• Oppenheimer Asset Management reduced its stake in PPG by 24.6% in Q4, leaving it with 39,994 shares valued at about $4.10 million.
• PPG beat Q1 estimates (EPS $1.83 vs. $1.78) and reaffirmed FY‑2026 guidance of $7.70–$8.10, spurring several price‑target raises (e.g., Mizuho to $125, Deutsche Bank to $130) even as the consensus rating remains a Hold with a $121.79 target.
• Company insiders sold a total of 111,361 shares (~$14.4M) in the last quarter—including CFO Vincent Morales’s sale of 78,095 shares—leaving insiders owning just 0.33% of the stock.

Oppenheimer Asset Management Inc. cut its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,994 shares of the specialty chemicals company's stock after selling 13,052 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in PPG Industries were worth $4,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dorato Capital Management bought a new stake in shares of PPG Industries during the fourth quarter valued at about $26,000. Quarry LP purchased a new position in PPG Industries during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in PPG Industries during the 3rd quarter worth approximately $26,000. Root Financial Partners LLC purchased a new stake in PPG Industries in the 3rd quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in PPG Industries in the 4th quarter valued at $51,000. 81.86% of the stock is currently owned by institutional investors.

PPG Industries News Summary

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective on PPG Industries from $110.00 to $116.00 and gave the stock a "neutral" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on PPG Industries from $120.00 to $130.00 in a research report on Friday, March 27th. Bank of America decreased their price objective on shares of PPG Industries from $118.00 to $116.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. 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. Finally, Royal Bank Of Canada boosted their price target on shares of PPG Industries from $114.00 to $119.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 16th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $121.79.

PPG Industries Stock Up 0.0%

Shares of NYSE PPG opened at $107.52 on Monday. The firm's fifty day moving average is $109.44 and its 200 day moving average is $107.52. PPG Industries, Inc. has a 52 week low of $93.39 and a 52 week high of $133.43. The company has a market cap of $23.97 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.60 and a beta of 1.06. The company has a quick ratio of 1.17, a current ratio of 1.61 and a debt-to-equity ratio of 0.78.

PPG Industries (NYSE:PPG - Get Free Report) last posted its earnings results on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.05. PPG Industries had a net margin of 9.83% and a return on equity of 21.68%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the business posted $1.72 earnings per share. PPG Industries's revenue for the quarter 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 expect that PPG Industries, Inc. will post 7.9 earnings per share for the current year.

PPG Industries Announces Dividend

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

Insider Activity

In related news, CFO Vincent J. Morales sold 78,095 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $131.00, for a total value of $10,230,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the vice president owned 15,641 shares in the company, 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 have sold 111,361 shares of company stock worth $14,387,293 in the last quarter. 0.33% of the stock is owned by corporate insiders.

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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