PPG Industries, Inc. $PPG Shares Bought by Strs Ohio

Key Points

• Strs Ohio raised its PPG stake 16.7% to 146,382 shares (about $15.0M), and other major institutions also increased positions, leaving roughly 81.9% of the stock held by institutional investors.
• PPG beat Q1 estimates and reaffirmed FY‑2026 guidance of $7.70–$8.10 EPS, spurring several price‑target raises (Mizuho to $125) even as the consensus rating remains "Hold" with an average target near $121.79.
• The board declared a quarterly dividend of $0.71 (annualized $2.84, ~2.6% yield), while insiders sold 111,361 shares (~$14.4M) in the last 90 days, including a large sale by the CFO.

Strs Ohio raised its position in PPG Industries, Inc. (NYSE:PPG - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,382 shares of the specialty chemicals company's stock after acquiring an additional 20,948 shares during the quarter. Strs Ohio owned approximately 0.07% of PPG Industries worth $14,998,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in PPG Industries by 19.9% in the 3rd quarter. Wellington Management Group LLP now owns 15,159,770 shares of the specialty chemicals company's stock valued at $1,593,443,000 after acquiring an additional 2,521,004 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of PPG Industries by 12.7% during the third quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company's stock worth $658,391,000 after buying an additional 703,549 shares in the last quarter. Franklin Resources Inc. grew its position in shares of PPG Industries by 39.4% during the third quarter. Franklin Resources Inc. now owns 4,695,477 shares of the specialty chemicals company's stock worth $493,542,000 after buying an additional 1,326,619 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of PPG Industries by 15.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 3,946,145 shares of the specialty chemicals company's stock worth $414,779,000 after buying an additional 535,095 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of PPG Industries by 2.2% during the third quarter. Invesco Ltd. now owns 3,398,513 shares of the specialty chemicals company's stock worth $357,218,000 after buying an additional 72,692 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting PPG Industries

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 Price Performance

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

PPG Industries (NYSE:PPG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The specialty chemicals company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. PPG Industries had a return on equity of 21.68% and a net margin of 9.83%.The company had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.85 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The firm'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, research analysts forecast that PPG Industries, Inc. will post 7.9 earnings per share for the current year.

PPG Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, May 11th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a 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, CFO Vincent J. Morales sold 78,095 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $131.00, for a total value of $10,230,445.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction 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 of the company's stock, valued at approximately $1,949,025.01. This represents a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,361 shares of company stock worth $14,387,293 in the last 90 days. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PPG. Weiss Ratings reissued a "hold (c-)" rating on shares of PPG Industries in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their target price on PPG Industries from $120.00 to $130.00 in a research note on Friday, March 27th. Jefferies Financial Group decreased their target price on PPG Industries from $125.00 to $116.00 and set a "hold" rating for the company in a research note on Thursday, March 26th. Citigroup boosted their target price on PPG Industries from $113.00 to $114.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Sanford C. Bernstein boosted their target price on PPG Industries from $123.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $121.79.

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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