PPG Industries, Inc. $PPG Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management increased its stake in PPG by 19.9% to 15,159,770 shares (about 6.76% ownership), valuing its position at roughly $1.59 billion while institutional investors own 81.86% of the company.
• PPG reported quarterly EPS of $1.51 (missing estimates by $0.06) but topped revenue expectations at $3.91 billion, provided FY2026 guidance of 7.70–8.10 EPS, and pays a quarterly dividend of $0.71 (2.8% yield).
• Analyst sentiment has firmed to a consensus of "Moderate Buy" with a $125.93 average target after several firms (including JPMorgan and Citigroup) raised price targets and ratings.

Wellington Management Group LLP grew its stake in PPG Industries, Inc. (NYSE:PPG - Free Report) by 19.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,159,770 shares of the specialty chemicals company's stock after acquiring an additional 2,521,004 shares during the quarter. Wellington Management Group LLP owned about 6.76% of PPG Industries worth $1,593,443,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. First Eagle Investment Management LLC raised its holdings in PPG Industries by 12.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,263,829 shares of the specialty chemicals company's stock valued at $658,391,000 after acquiring an additional 703,549 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of PPG Industries by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,020,138 shares of the specialty chemicals company's stock worth $317,421,000 after purchasing an additional 43,702 shares during the last quarter. Walnut Level Capital LLC grew its position in shares of PPG Industries by 46.8% in the second quarter. Walnut Level Capital LLC now owns 62,754 shares of the specialty chemicals company's stock valued at $7,138,000 after purchasing an additional 20,000 shares during the period. GAM Holding AG increased its stake in PPG Industries by 97.5% in the third quarter. GAM Holding AG now owns 21,281 shares of the specialty chemicals company's stock valued at $2,237,000 after purchasing an additional 10,508 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in PPG Industries in the third quarter valued at $16,245,000. Institutional investors and hedge funds own 81.86% of the company's stock.

Wall Street Analyst Weigh In

PPG has been the topic of a number of research analyst reports. Zacks Research raised PPG Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of PPG Industries from $117.00 to $126.00 and gave the company an "overweight" rating in a research note on Thursday, January 29th. Citigroup increased their price objective on shares of PPG Industries from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. KeyCorp reissued a "sector weight" rating on shares of PPG Industries in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada boosted their target price on shares of PPG Industries from $109.00 to $115.00 and gave the company a "sector perform" rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, PPG Industries has a consensus rating of "Moderate Buy" and a consensus target price of $125.93.

PPG Industries Stock Performance

PPG Industries stock opened at $101.88 on Friday. The company has a market cap of $22.80 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15. PPG Industries, Inc. has a 12 month low of $90.24 and a 12 month high of $133.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.62 and a quick ratio of 1.22. The stock's 50-day moving average is $116.33 and its 200-day moving average is $107.54.

PPG Industries (NYSE:PPG - Get Free Report) last issued its earnings results on Tuesday, January 27th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.06). PPG Industries had a return on equity of 22.30% and a net margin of 9.93%.The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. Equities analysts anticipate that PPG Industries, Inc. will post 7.95 earnings per share for the current year.

PPG Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, February 20th. PPG Industries's payout ratio is currently 40.92%.

Insider Transactions at PPG Industries

In related news, VP Chancey E. Hagerty sold 2,250 shares of the company's stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $115.59, for a total transaction of $260,077.50. Following the completion of the sale, the vice president directly owned 8,477 shares of the company's stock, valued at approximately $979,856.43. This represents a 20.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne M. Foulkes sold 3,594 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $124.61, for a total value of $447,848.34. Following the completion of the sale, the vice president 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. The disclosure for this sale is available in the SEC filing. Insiders sold 118,811 shares of company stock valued at $15,219,371 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

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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